401k
Election 2020: Trump vs. Biden on employment, health care and energy taxes
Top 10 Firm Crowe has put together an at-a-glance guide to the candidates’ positions on xxxxx, Original Article Posted at : https://www.accountingtoday.com/list/election-2020-trump-vs-biden-on-employment-health-care-and-energy-taxes
Read MoreLawmakers propose bill to improve retirement plans and tax breaks
The top Democrat and Republican on the tax-writing House Ways and Means Committee introduced bipartisan legislation to encourage more Americans to save for retirement. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-propose-bill-to-improve-retirement-plans-and-tax-breaks
Read MoreRead this before you use your 401(k) to buy a house
It’s possible to use your 401(k) for a down payment when buying a home. But it’s not always best. Learn how a 401(k) loan works and other options. Original Article Posted at : https://themortgagereports.com/18789/should-you-borrow-from-your-401k-to-purchase-a-home-gina-pogol
Read MoreCoronavirus stimulus check coming: Best ways to invest it
It is always wise to plan ahead, including for your stimulus check. Most would have already spent their first stimulus checks, but the second stimulus checks are coming, likely next month. So, it is better that you start planning how you would spend the next stimulus payment. If you are among those who don’t really […]
The post Coronavirus stimulus check coming: Best ways to invest it appeared first on ValueWalk.
Read MoreIRS expands tax relief for taxpayers taking money from their retirement plans amid coronavirus
The Internal Revenue Service provided guidance Friday to taxpayers who are taking advantage of some provisions in the CARES Act that allow them to take out money from their retirement accounts due to the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-expands-tax-relief-for-taxpayers-taking-money-from-their-retirement-plans-amid-coronavirus
Read MoreThese states have the most unfunded public pension liabilities
Unfunded public pension liabilities for states amount to $4.9 trillion or $15,080 per person in the U.S., according to the American Legislative Exchange Council (ALEC). The organization said in a report this week that the situation has improved somewhat, but the steep uphill climb continues. Q1 2020 hedge fund letters, conferences and more Improvements in […]
The post These states have the most unfunded public pension liabilities appeared first on ValueWalk.
Read MoreIRS allows remote signatures on retirement plan elections
The Internal Revenue Service is giving retirement plan participants and beneficiaries some added flexibility during the COVID-19 pandemic to remotely sign or have notarized their retirement plan elections. Original Article Posted at : https://www.accountingtoday.com/news/irs-allows-remote-signatures-and-notarization-on-retirement-plan-elections-amid-coronavirus
Read MoreThe SECURE Act: What accountants should know when advising their business clients
The act makes extensive changes to the rules affecting tax-qualified, employer-sponsored retirement plans. Original Article Posted at : https://www.accountingtoday.com/opinion/the-secure-act-what-accountants-should-know-when-advising-their-business-clients
Read More401k Good News-Bad News
401k Good News – Bad News but Mostly Good: Good News first: The fees for 401k plans continue to fall, as plan sponsors and participants realize the long-term implications they can have on retirement. This was true for both large and small plans, as the prices for investment and administration were reduced according to the…
Read More