Month: June 2021

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What is a 408(k) Plan?

June 8, 2021 admin Comments Off on What is a 408(k) Plan?

While most of us have heard of the traditional 401(k) retirement plan, it’s far from the only type of account offered. For example, what is a 408(k) plan? This employer-directed retirement account is a common one for small businesses—usually those with fewer than 25 employees. In fact, it’s actually a simplified version of the 401(k) program. This simplicity is what makes it feasible for small companies.
If you’re working for a startup or budding enterprise that offers a 408(k) plan, it’s smart to take advantage of it. Here’s what you should know about how a 408(k) account affects your retirement …read more […]

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All About the Big El Salvador Crypto Announcement

June 8, 2021 admin Comments Off on All About the Big El Salvador Crypto Announcement

The El Salvador crypto announcement was certainly one of the bigger news items to come out of the Bitcoin 2021 conference in Miami. The statement came directly from the mouth of the Central American country’s leader, President Nayib Bukele via a recorded message. The announcement – the first of its kind – could result in a major shakeup in the global financial system.

In short, President Bukele announced that his country was in the process of accepting Bitcoin as legal tender. The move will be made in an effort to “design a country for the future,” the president stated. The message …read more […]