May 17
1 min

Second Stimulus Check Update - House Passed HEROES Act

In this video, Vitaly talks about the HEROES Act, a new $3 trillion stimulus package aimed to provide additional assistance and reliefs t...

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9 Reasons to Always Use Credit Cards Over Debit Cards

Vitaly Novok

May 1
1 min

9 Reasons to Always Use Credit Cards Over Debit Cards

There is a tendency among people to avoid using credit cards in favor of debit cards and cash. We believe that this movement isn't in you...

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How To Protect Yourself From Becoming a Victim of Fraud Or Scam

Vitaly Novok

Apr 10
1 min

How To Protect Yourself From Becoming a Victim of Fraud Or Scam

During the coronavirus pandemic, fraudsters and scammers are active as never before. Taking advantage of the public's fear they do whatev...

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Don't Tap Into Your 401(K) or IRA Accounts

Vitaly Novok

Apr 6
1 min

Don't Tap Into Your 401(K) or IRA Accounts

The stimulus bill allowed millions of Americans to dip into their retirement plans and withdraw an aggregate $100,000 without penalties. ...

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How to Spend The $1,200/$2,400 Stimulus Check

Vitaly Novok

Apr 1
1 min

How to Spend The $1,200/$2,400 Stimulus Check

The stimulus check is coming in the next 3-4 weeks. See if you qualify first and then learn the best ways to spend the money.

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Free Money Checks and Other Financial Reliefs of the CARES Act

Vitaly Novok

Mar 29
1 min

Free Money Checks and Other Financial Reliefs of the CARES Act

Learn about key financial reliefs of the coronavirus aid and see if you are eligible to receive the free money check.

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Vitaly Novok

Mar 28
1 min

10 Steps To Prepare For a Recession

Chances are high that a recession will hit the U.S. economy in Q2 2020. If it does, these are the 10 steps you need to take.

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Vitaly Novok

Feb 4
1 min

How To Fill Out Your Form W-4

Learn how to fill out new Form W-4

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2020 IRS Retirement Plans, Benefits, and HSA Limits

Vitaly Novok

Nov 14, 2019
3 min

2020 IRS Retirement Plans, Benefits, and HSA Limits

2020 IRS retirement plans, HSA, benefits, and other tax limits

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Enrollment in the Illinois Secure Choice Program is Around the Corner - DO IT NOW

Vitaly Novok

Oct 22, 2019
4 min

Enrollment in the Illinois Secure Choice Program is Around the Corner - DO IT NOW

Learn about the pros and cons of the Illinois Secure Choice program and enroll your business in the Program Now

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The Equifax Data Breach: Here’s What Your Plan Participants Need to Do

Vitaly Novok

Aug 5, 2019
3 min

The Equifax Data Breach: Here’s What Your Plan Participants Need to Do

Help your employees who were affected by the Equifax Data breach to protect their personal data and avoid this from happening in the future.

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Substantially Equal Periodic Payments or How to Avoid 10% Early Distribution Penalty

Vitaly Novok

Sep 12, 2018
3 min

Substantially Equal Periodic Payments or How to Avoid 10% Early Distribution Penalty

When an employee who participates in your organization’s 401(k) separates from your company, there are a number of ways they can manage t...

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Distribution Options For Employees Who Are Separating from Your Service

Vitaly Novok

Aug 27, 2018
4 min

Distribution Options For Employees Who Are Separating from Your Service

When a 401(k) participant is changing a job, they can either leave their retirement savings with former employer or rollover into a diffe...

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Annuities as a Source of Retirement Income for 401(k) Plan Participants

Vitaly Novok

Aug 15, 2018
4 min

Annuities as a Source of Retirement Income for 401(k) Plan Participants

As a 401(k) plan sponsor, your sole goal is to make sure that your employees, especially those nearing retirement, have enough money save...

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Illinois Secure Choice or How to Fix a Retirement Savings Gap for Employees of Small Businesses

Vitaly Novok

Aug 6, 2018
3 min

Illinois Secure Choice or How to Fix a Retirement Savings Gap for Employees of Small Businesses

In 2016 more than 40% of full-time private sector workers said they lacked access to either a pension or an employer-based retirement sav...

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Three of the Best Retirement Plans for Small Businesses

Vitaly Novok

Jul 10, 2018
3 min

Three of the Best Retirement Plans for Small Businesses

Most of us know that a 401(k) plan allows us to contribute to our retirement expenses by giving us a way to grow our money tax-free in th...

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A True-Up Match or How to Enhance Employees' Retirement Savings

Vitaly Novok

Feb 22, 2018
4 min

A True-Up Match or How to Enhance Employees' Retirement Savings

If you are an employer who truly cares about your employees’ financial future, especially their financial well-being at retirement, then ...

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Vitaly Novok

Dec 27, 2017
3 min

Complying With the 408(b)(2) Regulation

When it comes to managing and administrating a 401(k) plan, there are some duties that a plan sponsor can delegate. For example, a 401(k)...

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Vitaly Novok

Dec 11, 2017
3 min

Insufficient Fidelity Bond Coverage

When I review Forms 5500 of micro and small 401(k) plan sponsors, one mistake that I am frequently seeing is insufficient fidelity bond c...

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IRS 2018 Retirement Plans and HSA Limits

Vitaly Novok

Nov 5, 2017
3 min

IRS 2018 Retirement Plans and HSA Limits

Traditionally, at the end of October the Internal Revenue Service announced cost of living adjustments (COLA) affecting pension and retir...

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