April 23 2015

How Long Should You Maintain Plan Records? It Might Be Longer Than You Think

Late in 2014, the IRS posted an article on its website about how long retirement plan records should be kept.  With eager anticipation, I clicked on the article and found that it said…not much.

April 13 2015

How to decrease taxable income

As the April 15 income tax return deadline approaches, many individuals and business owners are wondering how to decrease taxable income and are looking for ways to reduce taxes.  While it is best practice to consult a knowledgeable CPA or Enrolled A...

March 30 2015

Affordable Care Act tax bill

As the 2014 tax season is coming to a conclusion, we’re getting a first glimpse of how much revenue the Affordable Care Act (ACA), or ObamaCare, is generating for the government.  The IRS has released data for the first year that the Medicare surchar...

March 16 2015

PBGC Premiums: Prepare to Be Soaked

In the next few months, plans covered by the Pension Benefit Guaranty Corporation (PBGC) will find out how much they have to pay in 2015 for their annual premium.  The news will not be good.

February 19 2015

Currency Volatility: Behind the Swings in the Foreign Exchange Market

There has been a lot of attention focused on the strengthening of the U.S. dollar over the past year as the currency inches towards parity, or a one-to-one exchange rate, with the euro for the first time since 2002. In fact, currencies across the wor...

February 05 2015

Becoming a 401(k) Millionaire Is Not As Hard As You Think

Fidelity Investments reported that about 72,000 workers had amassed $1 million or more in their 401(k) retirement plans with Fidelity at the end of 2014.  While higher-paid workers should have little problem accumulating a million dollars over a 30- ...

January 08 2015

How to Beat the Market Experts

It was hard to miss market pessimists on CNBC and other financial news channels last year.  In November of 2014, well-known investor Marc Faber, renewed his claim that the market is poised for a 20% decline in the near future.  Plenty of panic also w...

January 06 2015

GPS is Not Unfair

In President Obama’s year-end press conference, he stated that he did not think it was fair for certain corporations to pay less in taxes than others just because they have a better attorney or accountant.  By that logic, one may conclude that becaus...

December 30 2014

What are your 401(k) retirement plan goals?

As we head into a new year, ‘tis the time to reflect on the past and set goals for the future.

December 25 2014

Don't miss these important retirement plan deadlines

Ho ho ho!  We deliver to your stocking today a list of deadlines posted by the IRS.  Some of these deadlines are as soon as December 31.