Is My Work Health Insurance Better Than Marketplace Insurance?
Posted: January 28, 2021
Is My Work Health Insurance Better Than Marketplace Insurance?Group health insurance is one of the most important benefits employers offer their employees. Under the Affordable Care Act (ACA), companies with 50 or more full-time employees must offer affordable health coverage that provides minimum value to full-time employees and their dependents, or they may be subject to an “employer shared responsibility” payment to the IRS. Larger employers have the incentive to offer health coverage...
What Happens if I Withdraw My 401(k) Early?
Posted: January 13, 2021
What Happens if I Withdraw My 401(k) Early?A 401(k) is a company-sponsored retirement plan that gives employees a tax break on the portion of their salary they contribute to the plan. Contributions are automatically withdrawn and invested in funds of the employee’s choosing, and employers have the option to match contributions. 401(k) plans are designed for retirement savings. Early withdrawal of funds carries heavy penalties under normal circumstances. How Soon Can You...