California State Retirement Plan
Did you know that California has a state-mandated retirement plan called CalSavers? It is a state-run Roth (after tax) IRA program for private sector workers that will automatically enroll employees at a 5% default contribution rate (employees can opt out). CalSavers is MANDATORY for employers who do not offer a retirement savings plan and who also have at least 5 California based employees. Failure by employers to register by the deadlines will result in penalties. Visit the following link for additional information: https://www.calsavers.com/
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Tax services are not offered by WCG Wealth Advisors, The Wealth Consulting Group, LPL Financial or affiliated advisors. We suggest that you discuss your specific situation with a qualified tax advisor.