Articles

2021 Form 8880

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover contributions) to...

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2020 Form 8880

Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit).   You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover...

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2021 Retirement Plan Limits

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or his or her spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor his or her spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.)

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The Difference Between 3(21) and 3(38) Fiduciary Services

The Difference Between 3(21) and 3(38) Fiduciary Services

Plan sponsors are required by ERISA to provide an investment lineup for participants that has been prudently selected and monitored to minimize and control risk. To ease this burden, a retirement plan advisor may act as an ERISA 3(21) investment fiduciary with regards...

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Other Resources

November 2022 Newsletter

November 2022 Newsletter

DOL Updates Guidance on Auditor Independence for Retirement Plan Engagements In September, the U.S. Department of Labor (DOL) released an Interpretive Bulletin that updates guidance on audits of benefit plans under the Employee Retirement Income Security Act. The...

Are You Thankful for Your Health?

Are You Thankful for Your Health?

The holidays are upon us! Staying healthy just might make you wealthy. With small lifestyle changes and healthy choices (especially with all the shared yummy foods), you may reduce your annual healthcare costs and increase your income. These lifestyle changes can be...

2023 Retirement Plan Limits

Retirement Plan Limits IRS Limits on Retirement Benefits and Compensation  As published in IRS News Release IR-2022-188, Oct. 21, 2022   202320222021401(k), 403(b), 457 Elective Deferral Limit$22,500$20,500$19,500Catch-Up Contribution Limit (age 50 and...