Simple Approach
Two main items that help individuals hit the multi-million-dollar wealth marks: 1) buying a house and paying it off, and 2) investing in a company’s 401(k) plan.
Traditional 401(k) Plans
With the increased popularity of 401(k) plans, they are now available to every business. The main questions is which type of plan is the most competitive.
Mega 401(k) Plans
The Mega 401(k) plan offers higher deferral amounts (up $73,500 for 2024). This increased deferral allows business owners and high-income earners to accumulate additional tax free assets during their working years.
Comparison Guide: Mega 401(k) vs. Traditional 401(k)
Mega plans are available to small businesses. We put together a comparision chart, to highlight the differences between the plans.
Stay ahead of the competition. Fill in the information form to download the chart.