HSA – The Best Retirement Secret
An often-overlooked retirement strategy is the Health Savings Account or HSA.
Update your 401k Contributions before Year End
Take a good look at your 401k plan or other employer plan. Do you know how many dollars you have contributed in 2020?
Should I withdraw funds from my 401k to help with expenses due to COVID 19?
As part of the CARES Act, Congress expanded distribution rules and added favorable tax treatment for 401k’s and IRAs.
IRA Contribution Deadline Extended for 2019
The IRS has extended the filing deadline to July 15, 2020 which extends the IRA contribution deadline as a result.
Required Minimum Distributions are Waived for 2020
The CARES Act, which was signed into law on Friday, March 27, 2020, provides broad relief to IRA owners over 70 ½ who normally are required to take a minimum distribution from retirement accounts annually.
Make an IRA Contribution for your Spouse
A married couple who files a joint tax return may be able to make a tax-deductible contribution to an IRA for a non-working spouse. This is a tax deduction that many taxpayers miss.