401(k) Plan: Maximize it to Save for Retirement
Your 401(k) and Your Retirement Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan,…
Will You Have to Pay Tax on Your Social Security Benefits?
Social Security Benefits and Your Taxes If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will…
What qualifies as a “coronavirus-related distribution”?
What qualifies as a “coronavirus-related distribution” from a retirement plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain…
IRA: A Nonworking Spouse can Still Have One
A nonworking spouse can still have an IRA It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the…
CARES Act Changes Contribution Rules
CARES ACT changes retirement plan and charitable contribution rules As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic. You may…
Your Tax Bill and Ways to Cut It Now
There still might be time to cut your tax bill with IRAs If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d…
Succession Planning and Retirement Planning
Putting together the succession planning and retirement planning puzzle Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge. You must save for your…
Taking Distributions from your Traditional IRA
IRA distributions f you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan…
Develop Your Succession Plan Now
Using knowledge management to develop your succession plan As the old saying goes, “Knowledge is power.” This certainly rings true for succession planning in business, as those who best understand…
Is America Prepared to Retire?
A look at some ways to get ready. Provided by Dane Wilson, Financial Advisor Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked…