There May Be A Silver Lining

March 24, 2020 | posted in: Blog, Employee Education | by

It might not seem like it, but in fact, if you have savings in a 401(k) or IRA right now, there may be a possible silver lining brought about by the volatile market.  Read more from Jim Mahaney.

Congress Enacted Major Retirement Plan Legislation – Here’s What You Need To Know About the SECURE Act

January 29, 2020 | posted in: Accountants, Blog, Plan Sponsor Corner | by

The SECURE Act is the most significant retirement plan legislation in 13 years, and many of its provsions are effective in 2020.  It affects employers who currently sponsor retirement plans, and encourages those without plans to set them up.  It also impacts plan participants, IRA holders and their beneficiaries, and expands the uses of 529 college savings plans.   Read More  »

Good News on Tax Saver’s Credits

May 25, 2016 | posted in: Employee Education | by

Laws that were enacted as part of the Bipartisan Budget Act of 2015 include new rules that could mean larger tax credits for some workers.

Bigger Retirement Savings Contributions Credit

The Saver’s Credit is an important tax credit that many American workers who save for retirement may be missing out on. Low and moderate-income savers who meet IRS requirements may be able to take a bigger tax credit (“Saver’s Credit”) of up to $2,000/$4,000 (singles/couples) for making eligible contributions to an employer sponsored retirement plan or IRA. To see if you qualify, visit www.irs.gov and enter “Do I qualify for the Retirement Savings Contributions Credit?” in the search box.