401k

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 […]

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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

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 […]

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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

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

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…

Recently, June (not her real name) was struggling to set up a social security account for her retirement. Her 65th birthday was approaching, she had health issues and was going to retire. I was with her when she made her second attempt to set up the Social Security account. June attempted to set up the…

Investing for retirement is one of the most important, but relatively painless, things you can do in your early work years, that will make your future much brighter. Here are some time tested easy steps for you to help you get started. 1-Figure out how much income you need in retirement. So, how much do…

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Coronavirus stimulus check coming: Best ways to invest it

IRS expands tax relief for taxpayers taking money from their retirement plans amid coronavirus

These states have the most unfunded public pension liabilities

IRS allows remote signatures on retirement plan elections

The SECURE Act: What accountants should know when advising their business clients

401k Good News-Bad News

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