Understanding Profit Sharing Plans for Small Businesses Small businesses face unique challenges when it comes to attracting and retaining top talent, managing cash flow, and planning for the future. One solution that offers both flexibility and value is a profit sharing plan. These retirement benefit plans...
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You built the business. Is the business helping build retirement, too? 🏢💰
A profit-sharing plan can give some small businesses flexibility to make employer retirement contributions while providing employees with a valuable benefit.
And unlike a required annual contribution, the business generally has discretion over whether—and how much—to contribute each year, subject to the plan`s terms and applicable rules.
That can make profit sharing worth exploring for businesses balancing:
✔️ Retirement savings
✔️ Employee retention
✔️ Cash flow
✔️ Tax considerations
✔️ Long-term business goals
There`s much more to plan design than simply deciding how much to contribute.
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Sep 18
📈 Interest rates are rising—but what does that actually mean for your retirement?
Higher rates can create opportunities, but they can also create tradeoffs. And if you`re already retired or planning to retire within the next five years, those tradeoffs may matter more than you think.
The bigger question isn`t simply where rates are headed.
👉 It`s whether your retirement plan still works when rates change.
We break down what today`s rate environment could mean for your cash, bonds, debt, and retirement income in our latest blog.
🔗 Read more: https://novawealthmanagement.com/rising-interest-rates-retirement/
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Sep 16
**Where were you on September 11, 2001?**
For so many of us, the answer comes immediately.
We asked members of our Nova team to share their memories of that morning—a day that changed our country and so many lives forever.
Today, we remember those we lost. We honor the first responders and service members who answered the call. And we keep their families in our thoughts.
**We will never forget.**
Where were you when you first heard the news?
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Sep 11
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