Understanding Safe Harbor Contributions and Considering a Cash Balance Plan

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This chapter explores the concept of safe harbor contributions in a 403(b) plan, explaining the minimum requirements and additional contributions necessary for non-highly compensated employees. It advises against attempting to handle this complex process independently and suggests considering the cost of matching contributions for employees, as well as the potential benefits of higher contributions for oneself.

Today is another Friends of WCI episode. Tyler Olson of Olson Consulting joins Dr. Dahle to answer your questions. They talk about paying taxes and if you should use a professional or do them yourself. They discuss medical loans and how taxes work with those. They discuss what to do with an old SEP IRA, if it is ever a good idea to over contribute to a 403(b) and the difference between average cost basis and actual cost basis.

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