Give Your Employees Access To A 401(K) Retirement Plan

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Give Your Employees Access To A 401(K) Retirement
Plan
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• Many Americans are completely unprepared for
  their retirement, having put nothing aside over
  the years, and with pensions on the decline and
  Social Security at risk of becoming insolvent by
  2034, 401(k)s, are becoming ever more important
  as a retirement tool.
• Despite their importance however, most Americans
  dont have access to one, and research has
  uncovered that a significant proportion of
  private sector employees over the age of 22,
  dont work for companies that offer such plans.
  For those below the age of 22, the statistics for
  those with access to employer sponsored
  retirement plans are even worse, making their
  prospects even direr.

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• For those who are fortunate enough to have access
  to such a plan though, heres why you should take
  full advantage of it, as both an employee and an
  employer.
• Why you should offer a 401(k) company-sponsored
  plan to your employees
• When talking about employee benefits, most
  workers state that retirement is among the most
  sought after of all the benefits, as it can give
  them greater tax savings and go on to not only
  help employers retain their workforce but may
  even attract new employees when required.

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• A 401(k) plan enables you to help your employees
  save for their retirement and pay less on their
  short term annual taxable income, while allowing
  their long-term investments to flourish
  absolutely tax free until the point of
  retirement. An employee who is not happy to be
  offered such a plan will be hard to find, and in
  doing so, you can save more cash for your company
  and for your personal savings, too.
• Why, as an employee, you should take advantage of
  an employer match on a 401(k)
• Preparing for your retirement may not be
  something that you relish the thought

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• of, but its important to prepare for it as best
  you can, and to take full advantage of an
  employer match on a company sponsored plan such
  as a 401(k).
• Young adults are less likely to participate as
  for them, the thought of retirement is perhaps
  too far away for them to even think about putting
  money aside for, or they may believe that they
  dont earn enough yet. While the older generation
  are far more likely to want to participate in
  such a plan, not all are offered it. But if you
  are fortunate to be offered a retirement plan,
  you should take full advantage of it if you want
  to save on your taxes and be able to cope better
  when you are ready to retire.

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• Even if you are a young adult who cant quite
  bear the thought of planning for your retirement,
  its highly advisable to make small sacrifices
  when you are young to prevent you from getting
  caught out financially when the time does come.
• Whatever your age, and whatever type of work you
  are employed in, dont wait to find out what your
  retirement planning options are, get the best
  advice and guidance possible by seeking
  professional help today to avoid any financial
  shortcomings in the future.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll services in Miami Gardens and other
  cities in Miami- Dade County, employee background
  check and group health insurance in Coral Gables
  Miami.