For small business owners with no employees (except a spouse) looking to establish a retirement plan, a solo 401(k) is worth considering. This option is also suitable for self-employed individuals or business owners wanting to upgrade from a SIMPLE IRA or SEP plan. A solo 401(k), also called an individual 401(k), may offer benefits in
A number of tax limits that affect businesses are annually indexed for inflation, and many have increased for 2022.
How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans
Two retirement plan options to consider are to set up a SEP, a “simplified employee pension,” or a SIMPLE, “savings incentive match plan for employees.”
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees.
A few provisions of the CARES Act have provided some financial relief to retirees and retirement savers. Here are three highlights.
A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans.
Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies.
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages.
Despite the prevalence of employers offering Roth 401(k)s, most employees aren’t choosing to contribute to them. If you offer a Roth 401(k) or you’re considering one, educate your employees about the accounts to boost participation.