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Self-Directed IRAs: Prohibited Transactions Can Get You in Trouble
When planning for retirement an individual retirement account (IRA) is a very common tax friendly way of saving. For most people that have a retirement plan, whether an IRA, 401(k), 403(b) or others, their
Read More »Retirement Plans and Executive Compensation Focus
Featured Video – Employee Stock Ownership Plans (ESOP) // // ]]> // // // // Retirement Plans and Executive Compensation Tax Archive
Understanding Individual Retirement Accounts (IRAs)
Top Takeaways 1: Traditional IRA is anything other than a Roth IRA or Simple IRA The traditional IRA is any IRA that is not a Roth or Simple IRA. Two advantages are that you
Read More »Retirement Savings Contribution Credit
Top Takeaways 1: Saver’s Credit has income limits based on filing status If you are single, married filing separately, or a qualifying widower, your income cannot exceed $27,500. If you are Head of Household,
Read More »RETIREMENT SAVINGS CONTRIBUTION CREDIT
There is a special tax credit that low and moderate-income tax workers can take to save for retirement called the Retirement Savings Contribution Credit. This credit will help offset part of the first $2,000
Read More »Year-end Tax Tips for Investors
For investors the approach of the New Year heralds a final review of portfolios. Financial advisors tell their clients to check their holdings this time of year to cull poor performers. By doing so,
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