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Offering a competitive retirement plan is essential in today's job market. A well-structured retirement savings plan can be a deciding factor for prospective employees. It demonstrates a company's commitment to its workforce's long-term financial well-being. Additionally, such plans can significantly reduce employee turnover, as workers are more likely to stay with a company that invests in their future.
Both employers and employees enjoy significant tax advantages with a well-implemented retirement savings plan. Employer contributions are tax-deductible, reducing the overall taxable income for the business. Employees benefit from tax-deferred growth, meaning their investments can compound over time without being diminished by taxes. This dual advantage makes these plans a smart financial strategy for both parties.
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Investment Advisory Services offered through Independent Advisor Representatives of Cambridge Investment Research Advisors Inc., a Registered Investment Adviser
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, to residents of: PA, VA
Cambridge and Eardley Financial Agency are not affiliated.