Browsing Tag
401(k) Taxes
64 posts
‘CARES 2’ Could Include More RMD Relief
RMD relief in next stimulus could ease required withdrawals. See what Congress may change and how it could affect 401k and IRA savers.
Good Reasons Not to Raid that 401(k)
Learn the risks of 401(k) hardship withdrawals and when tapping retirement funds might be the last resort for financial relief.
New Tax Planning Tool Helps Advisors Enhance Retirement Plans to Fit Client Goals
Allowing advisors to have deeper conversations with clients regarding different retirement plan tax strategies is the idea behind…
Forgo 401(k) Early Withdrawal Penalty: WSJ
Calls for fiscal relief involving 401(k)s are growing louder, with The Wall Street Journal joining the American Retirement…
IRS Delays Tax-Filing Deadline to Help Cope with Coronavirus: Updated
Clarification: Per CNBC. The Treasury is giving taxpayers a 90-day extension on paying taxes owed from 2019, but…
Remind Workers About This Retirement Savings Tax Credit
Saver's Credit helps eligible taxpayers cut federal taxes while boosting retirement savings. Learn how to qualify and claim today.
‘Stretched’ Out: Adjusting to SECURE Act’s New 10-Year Rule
As of January 1, 2020, the “Stretch IRA” is officially dead as an estate planning tool as a…
Solo 401(k) Plans Expected to Surge as 2019 Draws to Close
Is the year-end rush on for the self-employed to start a solo 401(k) plan? One solo 401(k) plan…
IRS Bumps 2020 401(k) Contribution Limit to $19,500
The IRS announced Wednesday that the 2020 401(k) contribution limit will increase by $500, to $19,500 and the catch-up limit will also increase by $500.
Will SECURE Act Be the End of Stretch IRAs?
In a 417-3 vote, the House of Representatives passed a new tax bill called the SECURE Act, which…