Eight Things to Know About the SECURE Act

The Setting Every Community Up for Retirement Enhancement (SECURE) Act changed the landscape for retirement and savings planning.   Here are eight important reminders about this new law: 1. You can’t use contributions made in 2020 but applied to 2019 for any...

Why a SIMPLE-IRA Could Be Your Best Retirement Plan Alternative

Talk to a business owner who has been in business for a while and he or she will tell you to make sure that you put a retirement plan in place. When you are starting out and have modest income, the Savings Incentive Match Plan for Employees (SIMPLE) IRA can be the...

Top Eight Changes in the SECURE Act You Need to Know

As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, passed on December 19, you will find the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act)....

Solo 401(k) Could Be Your Best Retirement Plan Option

Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could easily be avoided. So consider setting up a plan to...

Self-Employed Senior? Collect Your Rightful Tax Breaks

If you are an “experienced” self-employed individual, you are entitled to some tax breaks that younger self-employed folks cannot claim. If you are self-employed, you have much to think about as you enter your senior years, and that includes retirement savings and...