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Financial planning in the gig economy just as important
While financial planning in the gig economy looks different than W-2 workers, it is possible and highly encouraged by local experts.
Safer ways to raid your retirement, if you have to
You’re still better off leaving retirement funds alone for retirement. If you can’t, though, you could at least limit the damage from taking the money out early.
Maryland Saves helps employers offer retirement plan to employees
In Maryland, employers and employees can both benefit from Maryland Saves, a workplace savings program sponsored by the state’s Small Business Retirement Savings Program. The state’s program is the fifth in the nation offering a retirement savings plan to employers of all sizes that do not currently offer one to employees. Nearly one million private sector employees in the state do not have ac[...]
Md. lawmakers consider retirement plan without mandates, penalties
ANNAPOLIS — Legislation to require businesses to offer retirement plans to employees or push them into a state-managed plan will not be as wide-sweeping as once thought. Sen. Douglas J.J. Peters, D-Prince George’s County, said questions about how new federal regulations may affect the proposal have raised strong concerns about whether the state could become […]
Md. mandatory retirement proposals come with carrots and sticks
ANNAPOLIS — Members of a legislative task force on mandated retirement plans for businesses in Maryland are considering new proposals that could offer tax incentives or impose financial penalties to prod employers to offer approved plans to workers. The options under consideration by the Maryland Commission on Retirement Security Savings are the latest attempt by […]
Md. task force looks to move the ball on retirement savings
ANNAPOLIS — A legislative task force is looking at potential legislation that would create a system of retirement plans for employees of small businesses. The idea is not new, but legislators now hope that expected changes in federal regulations will open the door to creating a plan, possibly a multiple-employer 401(k) style plan or state-managed […]
