Tag: retire
-
Effects of the TCJA on Roth IRA Conversions
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would have been better off if you hadn’t converted it? Before the Tax Cuts…
-
Finding a 401(k) that’s Right for Your Business
By and large, today’s employees expect employers to offer a tax-advantaged retirement plan. A 401(k) is an obvious choice to consider, but you may not be aware that there are a variety of types to choose from. Let’s check out some of the most popular options: Traditional. Employees contribute on a pre-tax basis, with the…
-
2018 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. July…
-
Factor in State & Local Taxes when Deciding Where to Live in Retirement
Many Americans relocate to other states when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, property, and sales tax Choosing a state that has no personal income tax may appear to be the best option. But that might not be the case once you…
-
You Still Have Time to Make 2017 IRA Contributions
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even non-deductible contributions can be beneficial. Don’t lose the opportunity The 2017 limit for total contributions to…
-
It’s Time to Get More Creative with Retirement Benefits Communications
Employees tend not to fully appreciate or use their retirement benefits unless their employer communicates with them about the plan clearly and regularly. But workers may miss or ignore your messaging if it all looks and “sounds” the same. That’s why you might want to consider getting more creative. Consider these ideas. Brighter, more dynamic…