SEP Plans Go Separate Ways
Simplified employee pension (SEP) plans are commonly used by self-employed individuals and others with part-time self-employment income. In addition, SEPs can offer many benefits to small [...]
New In-Plan Conversions
Although traditional 401(k) plans have become widespread, many employers are adding Roth 401(k) s to their employee benefits. The relationship between these two types of plans is similar to the [...]
A SIMPLE Solution for Company Retirement Plans
Business owners who wish to sponsor a retirement plan have many options from which to choose. The choices include 401(k), profit sharing, defined benefit, and simplified employee pension (SEP) [...]
Social Security After Death or Divorce
You may be familiar with the basic math of Social Security benefits. For people born from 1943 through 1954, Social Security’s “full retirement age” is 66 years old. You can start to receive [...]
Choosing the Right 401(k)
Many companies offer employees a choice between two 401(k) plans. The version with which you’re probably most familiar is now considered a “traditional” 401(k). As before, you can choose to defer [...]
More Flexibility in Retirement Planning
Some provisions of the Small Business Jobs Act of 2010 are not restricted to small companies or to job creation. Instead, they provide more choices for retirees and preretirees. An annuity [...]
Year-End Tax Trusted Advice Planning for IRAs
Most years don’t require much year-end planning for IRAs. You have until the following April 15 to make “look back” contributions. For example, you can contribute to a traditional IRA or a Roth [...]
Make the Most of an IRA You Inherit
If you inherit an IRA, you have several choices of what to do with it. The right choice can help you enjoy penalty-free distributions, tax-deferred accumulation, or possibly tax-free income. An [...]