Browsing Tag
Taxes
66 posts
Explosive Trump Tax Return Report Generates Swift Reaction from Dems
Political reaction to The New York Times bombshell reporting Sunday that President Donald Trump paid just $750 in…
The Rising Tide of the Roth 401k
Many employer-sponsored retirement plan participants are conflicted in deciding which type of account is best for their 401k…
IRS Reveals 2020 ‘Dirty Dozen’ Tax Scams
How many times have we inadvertently clicked on a link, only to realize something is amiss? The angst…
IRS Announces CARES Act RMD Relief
If a retiree took a required minimum distribution but is having second thoughts in the wake of COVID,…
IRS Expands 401k Withdrawal, Loan Eligibility Under CARES Act
The Internal Revenue Service is making it easier (again) to access 401ks for loans and withdrawals. Released Friday,…
Once and For All: IRC and ERISA Say Cannabis 401k Plans Can Exist
I write to clarify and educate about the legal authority regarding how and why cannabis 401k plans are…
The Case for Roth Conversions in Market Downturns
In general, investors should refrain from taking panicky actions when markets plummet. A better option is to stay…
IRS Posts CARES Act FAQ for Retirement Plans
If you’ve got questions about the CARES Act, the IRS is here to help (wait, what?) More specifically,…
Here Are the 401k Withdrawal Provisions Contained in Coronavirus Bill
As stimulus machinations continue in Washington (the $1.6 trillion bill failed to advance for a second time Monday…
Forgo 401k Early Withdrawal Penalty: WSJ
Calls for fiscal relief involving 401ks are growing louder, with The Wall Street Journal joining the American Retirement…