Posts Tagged ‘IRA’
SIMPLE IRA to 401(k) for 2018? The deadline is now
If you’d like to move to a 401(k) for 2018, you must notify employees by 11/2 As your business or that of your clients has grown, you may be thinking it’s time to upgrade your retirement plan from a SIMPLE-IRA to a 401(k) Plan. The issue is that you can’t switch mid-year as IRS rules…
Read More2nd chance for those who missed the 60-day IRA/401(k) rollover window
New IRS waiver program effective immediately If you, one of your clients or one of your employees inadvertently exceeded the 60-day limit when moving retirement funds associated with a “rollover”, they can now receive an IRS waiver of penalties and keep this funds in a retirement plan. The full details may be found in IRS Revenue…
Read MoreSIMPLE IRA to 401(k) for 2017? The deadline is now
If you’d like to move to a 401(k) for 2017, you must notify employees by 11/2 As your business or that of your clients has grown, you may be thinking it’s time to upgrade your retirement plan from a SIMPLE-IRA to a 401(k) Plan. The issue is that you can’t switch mid-year as IRS rules…
Read MoreIs an inherited IRA protected in bankruptcy? Supreme Court to decide
As many investors and plan sponsors know, “retirement funds” are exempt assets in bankruptcy and will survive a filing and can be used for support after such bankruptcy. The Supreme Court will be considering the issue of whether or not an Inherited IRA is considered a “retirement fund” for purposes of bankruptcy law in Clark…
Read MoreTop Reasons to Invest for Retirement
Here is a breakdown of the inherent benefits and incentives involved in retirement planning. Choice There are unlimited investment options available in today’s world. You can stay with a simple index fund or you can tailor your choices. Low Costs The costs of investing in retirement plans and IRA’s have never been lower. You are…
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