Timing Rules for SEPs and SIMPLE-IRAs Part II

For the most part, SEPs (Simplified Employee Pensions) and SIMPLE (Savings Incentive Match Plan for Employees)-IRAs live up to their billing as easy ways to set aside tax-favored retirement funds for employees and employers. However, contribution rules for these plans are not necessarily straight-forward. To read part I of this post dealing with SEPs, click …

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401k Loan Basics

Below are some basics about 401k loans.  Please review your Summary Plan Description for specific guidelines for loans in your 401k plan. • 401k plans can offer loans to participants however, they are not required to. • 401k loans do not require a credit check. • Most 401k loans are required to be paid back over a maximum …

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