Podcast Episodes

[Retirement] 8, Coverage Tests

Season 3 Episode 8

Ensure plans are nondiscriminatory, requiring coverage of a certain percentage of non-highly compensated employees. --

The CFP Exam is known for its difficulty, and as I embark on this learning journe…

Published on 11 months, 2 weeks ago

[Retirement] 7, Eligibility Requirements

Season 3 Episode 7

Typically require age 21 and one year of service, with special rules for part-time employees under the SECURE Act. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey…

Published on 11 months, 2 weeks ago

[Retirement] 6, ERISA Protection

Season 3 Episode 6

Ensures plan assets are protected from creditors and bankruptcy, providing security for retirement savings. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve …

Published on 11 months, 2 weeks ago

[Retirement] 19, Safe Harbor 401(k)

Season 3 Episode 19

Avoids ADP and ACP testing by providing a minimum employer contribution that is fully vested. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be…

Published on 11 months, 2 weeks ago

[Retirement] 3, Qualified Plans

Season 3 Episode 3

Include pension and profit-sharing plans, with specific types like 401(k), ESOPs, and cash balance plans. --

The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve fo…

Published on 11 months, 2 weeks ago

[Retirement] 5, Defined Benefit vs. Defined Contribution

Season 3 Episode 5

Defined benefit plans promise a specific payout at retirement, while defined contribution plans depend on contributions and investment performance. --

The CFP Exam is known for its difficulty, and as …

Published on 11 months, 2 weeks ago

[Retirement] 4, Pension vs. Profit Sharing

Season 3 Episode 4

Pension plans promise a retirement benefit, while profit-sharing plans defer compensation and may allow in-service withdrawals. --

The CFP Exam is known for its difficulty, and as I embark on this lea…

Published on 11 months, 2 weeks ago

[Retirement] 2, FIRE Variants

Season 3 Episode 2

Lean FIRE involves minimalistic living, Barista FIRE includes part-time work, and Fat FIRE allows for a more luxurious lifestyle. --

The CFP Exam is known for its difficulty, and as I embark on this l…

Published on 11 months, 2 weeks ago

[Retirement] 1, Traditional vs. Alternative Retirement

Season 3 Episode 1

Traditional retirement involves ceasing work at a standard age, while alternative retirement includes strategies like FIRE (Financial Independence Retire Early). --

The CFP Exam is known for its diffi…

Published on 11 months, 2 weeks ago

[Fundamentals] 20, Education Savings Plans

Season 2 Episode 20

529 plans, Coverdell ESAs, and Roth IRAs offer tax advantages for education funding.

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The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite ch…

Published on 11 months, 2 weeks ago