Browsing Tag
401(k) Taxes
63 posts
Good Reasons Not to Raid that 401k
O.K., we get it. A lot of people are strapped for cash right now and really need 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 401k Early Withdrawal Penalty: WSJ
Calls for fiscal relief involving 401ks 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
With tax season in full swing, it’s once again time to remind plan sponsors and participants about an…
‘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 401k Plans Expected to Surge as 2019 Draws to Close
Is the year-end rush on for the self-employed to start a solo 401k plan? One solo 401k plan…
IRS Bumps 2020 401k Contribution Limit to $19,500
The Internal Revenue Service today announced that employees in 401k plans will be able to contribute up to…
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…
Too Many Workers Unaware of Retirement Saving Tax Credit
Are participants leaving (tax) money on the table? So it would appear, according to Transamerica Center for Retirement…