If you are considering setting up a 401(k) plan for 2015, you may not have as much time as you think. October 1st is the deadline for implementing a safe harbor 401(k) plan this year. Safe harbor design – whether a match or nonelective contribution –...
June
18
2015
Considering a 401(k) Plan for 2015?
Posted by Joné E. Liuzza, ERPA, QPA, QKA
in 401(k), Retirement, Tax Strategy, Financial Planning
with No Comments
April
13
2015
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 Ag...
March
30
2015
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 surcharg...
January
06
2015
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 because...
October
23
2014
New rules for cash balance plans offer flexibility
Posted by J. Saunders Wiggins, CFP®, AIF®
in Retirement, Tax Strategy, Financial Planning
with No Comments
The IRS has issued final regulations for hybrid retirement plans, such as cash balance plans, that clarify and add flexibility about how an employer credits interest in such plans. The final regulations clarify the definition of "market rate of retur...
October
22
2014
The Social Security Administration has announced its cost-of-living adjustments for 2015. Retirees aren’t going to be too thrilled about the 1.7 percent increase in monthly benefits. This will be the fifth time in six years that the COLA is less than...