Capitalize on Your 401(k) Plan to Save For Retirement
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a
The IRS recently announced the 2021 dollar limits and thresholds for retirement plans, reflecting the latest cost-of-living adjustments. Here are some relevant amounts for 401(k)s and similar plans: Annual contributions:
Late last year, Congress passed, and the President signed into law, the SECURE Act. Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key
When participants request hardship distributions from a 401(k) plan, employers must collect and store documents showing that the participant had an immediate and heavy financial need to permit such a
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a
For many businesses, offering employees a 401(k) plan is no longer an option — it is a competitive necessity. But employees often grow so accustomed to having a 401(k) that
Most employers, and a fair number of individuals, worry only about an IRS audit of their income tax returns. Unfortunately, the agency can perform another kind of audit that not