IRS Issue Snapshot discusses deduction limits for “combination” retirement plans
November 9, 2021
Employers: If your organization offers a “combination” retirement plan, be sure you’re fully aware of its distinctive tax treatment. A recent IRS publication offers insights.
Factor in taxes if you’re relocating to another state in retirement
November 5, 2021
Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
Thinking about participating in your employer’s 401(k) plan? Here’s how it works
October 28, 2021
If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
Double-check the rules on spousal consent for 401(k) distributions
September 27, 2021
The rules for when an employer must require spousal consent for a 401(k) distribution or loan are subject to many conditions. Here’s a brief review.
IRS provides guidance on ARPA changes to pensions
August 17, 2021
Some employers still offer defined benefit pension plans. If you’re one of them, be sure to review changes explained in new IRS guidance.
Are you a nonworking spouse? You may still be able to contribute to an IRA
June 29, 2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
