Interested in achieving wealth? Psychology may be a better starting place…
This blog post explores the intriguing relationship between mental well-being and economic prosperity. We delve into the world of economics and psychology to investigate whether therapy, aspirational videos, and antidepressants can pave the way to financial success. In our quest
The Crucial Role of Standard Deviation in Investment: Why It Matters
When it comes to making smart investment decisions, there are various factors to consider, such as potential returns, risk tolerance, and time horizon. However, one often overlooked but essential metric is the standard deviation. Standard deviation is a statistical measure
Real Estate Investment Due Diligence: Preliminary Assessment
When embarking on a real estate investment journey, one of the first critical steps is the preliminary assessment. This phase sets the foundation for your entire investment strategy and helps you determine whether a property aligns with your goals. In
Real Estate Investment Due Diligence: An Introduction
In the world of real estate investment, thorough due diligence is the cornerstone of success. Whether you’re a seasoned investor or just dipping your toes into the market, understanding the ins and outs of this crucial process is essential. In
How to Prepare your company for the Close of the Plan Year and Welcome the New Year in Your 401(k) Plan
As the current year draws to a close, plan sponsors overseeing 401(k) plans have several essential tasks to complete to ensure a smooth transition from the old plan year to the new one. This guide provides insights into what you
What Are the Benefits of a Safe Harbor 401(k) Plan?
A safe harbor 401(k) plan is a retirement savings plan that has advantages for both employers and employees. Here’s why it’s a good choice: Easy Compliance: Safe harbor plans help employers by automatically passing certain annual tests. These tests, like
Understanding Compliance Testing for 401(k) Plan Sponsors
Compliance testing is a crucial annual responsibility for 401(k) plan sponsors, mandated by the Internal Revenue Service (IRS). It ensures that a company’s 401(k) plan remains equitable, not favoring owners and highly compensated employees (HCEs), and stays within IRS-prescribed limits.
An InSightful Guide to Profit Sharing for Plan Sponsors
At InSight, we encourage profit sharing as a valuable option within a 401(k) plan, allowing employers to make pre-tax contributions to their employees’ retirement accounts at the end of the year. Contrary to its name, profit sharing doesn’t necessitate that
Rising Litigation in 401(k)’s and Efforts to Support Business Owners
The landscape of litigation under the Employee Retirement Income Security Act (ERISA) remains highly active, as highlighted by the 48 new excess fee and performance lawsuits filed in 2023. While this is a decrease from the 89 complaints in 2022,
What is Tax Loss Harvesting?
Tax loss harvesting works by taking advantage of the tax code’s treatment of investment gains and losses. Here’s how it works: 1. Identify Investments with Losses: To start, investors review their investment portfolio to identify assets that have decreased in