Dear Clients and Friends, A new final rule from the Labor Department makes it easier for small businesses to join together to offer their workers 401(k) plans. The rule goes into effect on September 30. As a result of the new rule, smaller companies can now leverage the … [Read more...] about Dept. of Labor makes it easier for small businesses to offer 401(k) plans
Retirement
Divorce, IRA accounts and creditor protections
Dear Clients and Friends, If you are divorced and you’re contemplating bankruptcy you should know that certain retirement assets may not be safe from creditors if a recent decision from a federal appeals court is any indication. In that case, a husband received half the … [Read more...] about Divorce, IRA accounts and creditor protections
Retirement Guide for Small Businesses
The Internal Revenue Service has created a free CD-ROM that is designed to help small businesses establish and maintain retirement plans for employees. Sections on setting up contributions, investments, and distributions have information not only from the IRS, but also from the … [Read more...] about Retirement Guide for Small Businesses
Withdrawal Rules for Inherited IRAS
The IRS has established rules for determining the minimum amount that must be withdrawn each year from an inherited traditional IRA. When an individual inherits an IRA, the rules differ somewhat depending on whether the individual was the decedent's spouse. In any case, there is … [Read more...] about Withdrawal Rules for Inherited IRAS
