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26
OCT
2021

Thinking about participating in your employer’s 401(k) plan? Here’s how it works

If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
29
JUN
2021
Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.

Are you a nonworking spouse? You may still be able to contribute to an IRA

Married spouses who don’t work outside the home may still be able to contribute to an IRA. Here are the rules for 2021 for spousal IRAs.
23
FEB
2021
Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.

Didn’t contribute to an IRA last year? There still may be time

Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
09
FEB
2021
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.

2021 individual taxes: Answers to your questions about limits

How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
26
JAN
2021
If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.

Don’t forget to take required minimum distributions this year

If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.
17
NOV
2020
Taking distributions from a traditional IRA

Taking distributions from a traditional IRA

It may seem easier to put money into a traditional IRA than it is to take money out. Here are some of the ins and outs of the IRA distribution rules.
02
JUN
2020
A nonworking spouse can still have an IRA

A nonworking spouse can still have an IRA

If you’re married and you don’t work outside the home, you still may be able to contribute to an IRA. Here are the rules for spousal IRAs.
12
MAY
2020
INDIVIDUAL TAX BRIEF FOR MAY 12

There’s still time to make a deductible IRA contribution for 2019

Do you want to save for retirement on a tax-advantaged basis? It’s not too late to make 2019 IRA contributions (if you’re eligible) just because it’s 2020. And this year, the IRS extended the deadline three months due to COVID-19. Here are the rules and who can make...
28
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 28

IRA account value down? It might be a good time for a Roth conversion

Consider turning a stock market downturn into a tax-saving opportunity by converting a traditional IRA into a Roth IRA.
07
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 7

CARES ACT changes retirement plan and charitable contribution rules

During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
12