Category Archives: Retirement Plans

Has Your 2012 Roth-Converted IRA Declined in Value?

If you converted your traditional IRA to a Roth IRA in 2012 and paid (or will pay) the tax on the conversion and then watched the value of the account decrease due to an unexpected poor investment performance, you still … Continue reading

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When Should You Start Taking Social Security?

A question frequently asked by individuals who are approaching the age at which they can draw Social Security benefits is, “At what age should I begin taking my benefits?” To make an informed decision, a number of issues should be … Continue reading

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It’s Not Too Late for Tax Planning with IRAs

It’s not too late to make an IRA and/or SEP contribution or undo a Roth IRA conversion for 2011. Generally, after the close of the year you can no longer take steps to alter the outcome of your tax return. … Continue reading

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IRS Announces Pension Plan Limitations for 2012

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Continue reading

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The SIMPLE IRA Plan for Tax Savings Through Your Business

If you are a business owner with one or more employees, a great option for a retirement plan to help shelter taxes and to save for retirement is the SIMPLE IRA.  The name of this retirement plan says it all: it’s … Continue reading

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Owner-Only Businesses Should Consider a Solo 401(k) Plan

It goes by many names; Solo 401(k), Mini 401(k) and single-participant 401(k).  We will use Solo 401(k) in this article to describe probably the best type of pension plan for owner-only businesses.  It provides for larger contributions, including a Roth … Continue reading

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