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If you’ve got retirement accounts and are in need of quick access to cash, you might be wondering, "Can I borrow against my retirement account?" The answer is complicated. In short, yes, you can.

Currently, the average 401(k) balance is $106,478, according to Vanguard's 2020 analysis of over 5 million plans. If you’re nowhere near that (or even if you don’t have a plan at all), don’t stress! We got you. And, there’s still time to start preparing for retirement.

When you take a look at what other small business owners offer their employees, it becomes clear that small business owners, as a very broad category, aren’t doing enough to help support their employees through retirement. In fact, statistics show that just one-third of small businesses surveyed (companies with less than 20 employees), offer retirement benefits.

Did you know that you only have a few months left before you’re legally required to offer retirement options to your employees if you're a California SMB owner? In fact, you could possibly already be in violation of the new rules depending on the size of your business.

Are you a California business owner with five or more employees? If so, you’re gonna want to mark June 30th, 2022 on your calendar! Why? It’s the deadline to have a retirement plan in place for your employees. If you don’t comply with the state requirements by June 30th, 2022, you’re putting yourself at risk of paying a hefty fine per employee that works for you.

There are 31.7 million small businesses in the US. This leads us to believe that there are just as many business owners, too. Because companies are the ones usually providing 401(k) and other retirement options, what do those small business owners do? Who sets up their retirement account for them?

Did you know that the average 30 year-old needs about $2.4 million to retire at the age of 67? Wow. Just head over to Nerdwallet’s retirement calculator to see how far off you are from that goal. 

You may have heard the term “safe harbor 401(k)” floating around, particularly if you’re a small business owner looking for the best retirement options for you and your employees. But, what exactly is a safe harbor 401(k) and does it make sense as a retirement account option?

Most people in 2021 plan to retire by 62 years old. But what if you want to retire at 50? That sounds like a laughable goal to most millennials who are drowning in debt and working four different side hustles just to make ends meet and maybe be able to afford a tiny house in the near future.

Last year, 60 million Americans participated in 401(k) programs, with half of Gen Z workers participating in some form of retirement program. While that’s great for the 60 million Americans that contributed to their future retirement, what about the other nearly 273 million people in the country?