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Lawrence Groves Profile and Articles
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1). Safe Harbor Plans-a Retirement Triple Play
Max out your 401k contributions and defer taxes with this little known 401k plan design.
2). Roth 401k- a Parlay for the Privileged
How to retire with a tax free account. January 1, 2006, a new opportunity for savings came to town. Known as the post tax ROTH 401k - Now,the question... Do You Roth or not?
3). Thousands Now Survive Financial Hardship Who Never Thought They Could….with a Solo 401k !
Financial Emergency! It is unpredictable yet it happens to all of us. The IRS has just increased your chances of survival by two.
4). Selling Truth as a Differentiator
Now You Can Stand Out Above the Rest.
5). 10 Steps To Save Your Retirement
Many of the brightest and hardest-working marketing and advertising people in the country are obsessed with getting you to spend money and, if necessary, to go into debt to do so. Absolutely all the media that reach you every day are designed to get you to spend money. In order to save money in this environment, you will need determination to withstand the constant pressures to spend now.
6). Getting To “Yes”: Asking The Right Questions
See how many of the following questions you can adapt to your own sales efforts.
Situation : Despite making a good sales presentation, the customer remains uninvolved.
Your Question: "Based on the data, it looks like you can save $90,000 a year with this solution.
What needs to be done before you are completely comfortable with this?"
Situation: The client agrees that there are still a number of items that need to be cleared up
before he can make a commitment.
7). IRS Attacks 401k Part-time Employee Exclusions and Your Determination Letter is useless…..
The IRS is attacking 401k plans that exclude part-time, temporary, and seasonal (A.K.A. “part-time”) employees. Can You Protect Your Exclusion?
8). Making Every Penny Count...
You may be leaving tax deferred money behind when you leave your job.
9). One Less Furrowed Brow For 401k Plan Sponsors
There was a sneak preview of the Dept of Labor's preliminary guidance on setting up 401k default investment options. These situations occur when 401k participants fail to select an investment option for their 401k contributions or a 401k default fund is used in 401k plans with automatic enrollment features.
Currently, 401k plan sponsors are rethinking.
10). Wells Fargo 401K Plans Robbed -- Thousands $ Missing
According to a Minnesota TV station, a Wells Fargo 401(k) plan operations manager has been accused of robbing 401k plan accounts.
The 401k Operations Manager, who oversaw the 401k daily fund operations, allegedly disbursed money from dormant 401k accounts to fictitious names he created. He then had the checks sent to his own office and deposited the funds into his own account,
HOW THE 401K ACCOUNTS WERE ROBBED
Point-by-point, this retirement operations manager eluded what should have been Well’s Fargo’s own financial and procedural controls.
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