401k
Tricks That May Help You Get $1400 Coronavirus Stimulus Check
The third round of stimulus checks are already being rolled out. Millions have already got the payment, but many failed to qualify for the payment on the basis of their income. If you believe your income is near the threshold, there are a few tricks that can help you to boost your coronavirus stimulus check […]
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Read MoreA tax switch on IRAs and 401(k)s could hurt high earners
A Biden proposal to change the tax deduction for contributions to a tax credit could have serious implications. Original Article Posted at : https://www.accountingtoday.com/news/a-tax-switch-on-iras-and-401ks-could-hurt-high-earners
Read MoreDOL Proxy Voting Rule Protects Workers, Retirees
In December, the Department of Labor issued a final rule that prevents managers of 401(k)s and corporate pension plans from placing political or social objectives ahead of generating investment returns for workers. The rule clarifies that, when voting corporate proxies, fiduciaries of retirement plans governed by the Employee Retirement Income Security Act (ERISA) must act […]
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Read MoreGuidance issued for safe harbor retirement plans
The IRS clarifies certain sections of the SECURE Act. Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-guidance-for-safe-harbor-retirement-plans
Read MoreElection 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 […]
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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
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