Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
Written by Denise Appleby: For Financial Advisors The Small Business Owner 401(k) is an ideal retirement plan for many self-employed individuals. A retirement savings solution
Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest
Written by Denise Appleby Download issues in the free section at https://irapublications.com/
Denise Appleby explains how to avoid double taxation of otherwise untracked basis in IRAs, using the Cohan Rule. IRA owners can find themselves paying income
One of the most significant changes made by the SECURE Act limits the distribution period to 10 years for designated beneficiaries. An example provided by
IRS Announces IRA and Plan Limits for 2021 The IRS issued Notice 2020-79 in which they provide retirement plan limits for 2021. Only some of the limits
The IRS issued Notice 2020-50, in which they expanded the definition of a Qualified Individual, for Coronavirus-Related Distribution purposes. A qualified individual is one who
An individual who takes a distribution from a retirement account may rollover eligible amounts to the same or another retirement account. As long as the
Updated for the SECURE Act Click here to download >> 2020 Employer Plan Comparison Table for Small Businesses (download here) This table provides a comparison
Could “Tontines” Expand the Market for Longevity Insurance? byGal Wettstein IB#18-7 “The brief’s key findings are: Annuities offer one way for retirees to turn savings
