Ask yourself three simple questions Entrepreneurs who want to set up a retirement plan for their business have three options: SIMPLE IRA, SEP IRA, and solo 401(k) plans. Each of these retirement plans enables business owners to save money for … [Read more...] about Choosing the Right Retirement Plan
Don't forget about your RMD Older adults who reach age 70 1/2 and are no longer working need to start drawing funds from their retirement savings accounts, making sure they meet their required minimum distribution (RMD) for the year. RMDs apply to … [Read more...] about Turning 70 1/2?
When you are younger and just starting out at that job that actually offers a decent 401k, retirement seems so far off. Each week when your paycheck comes you barely notice the money coming out that goes directly to your retirement account. That … [Read more...] about Taxation of Your Retirement Accounts