Feb 15, 2018
With Melissa Terito, CPA
Summary:
In the 8th episode of the Confident Wealth Podcast, Bill Bush and Pete Bush talk with Melissa Terito, a partner and CPA at the accounting and business advisement firm Faulk & Winkler. She oversees their third party administrative practice (TPA) – branded as Sentinel Pension & Payroll. They share valuable information about the benefits that business owners have in setting up retirement plans for their employees. They also dispel a few misconceptions and assumptions that have been applied to retirement plans as well.
Time Stamped Show Notes:
3 Key Points:
Tweetable Quotes:
- “Expensive is relative…there are fees with setting up anything.” – Melissa Terito.
- “If your business gets audited, there is a chance that they are going to take a look at the simple IRA at some point.” – Melissa Terito
- “A lot of people don’t think that part-time employees can participate in a 401K plan.” – Melissa Terito.
Resources Mentioned: