contributions
Are You Considering Converting Your IRA to a Roth IRA in 2011?
What if you have a chance to pay taxes now in order to receive future tax free treatment on the earnings of those monies, would you convert? It would certainly depend on a number of factors. What if you could … read more
To Convert or Not Convert
Are you eligible? This is the first hurdle when considering whether to convert your IRA to a Roth IRA. Before 2010, Roth conversions were limited to those individuals with modified adjusted gross income of $100,000 or less. In 2010, the … read more
SEP-IRAs
Simplified employee pension individual retirement account (SEP-IRA) plans can be a very convenient retirement tool to self-employed business owners and small businesses. Any employer, such as a sole proprietorship, partnership, corporation, or nonprofit that has one or more employees is … read more
401k Contribution Deadline for Small Business Owners
When the Department of Labor (DOL) has jurisdictional authority over a 401(k) plan, salary deferrals should be separated from the employer’s assets and deposited in trust as soon as administratively feasible. For plans with fewer than 100 participants, the DOL … read more
Section 529 Plans
Since my nieces have a household of toys and their mother dresses them differently than I would, I generally write checks for Christmas and birthday gifts. This year, I am going to begin funding 529 plans for the girls. A … read more