Planning a Future to Look Forward To
Back in the spring, I wrote about ways to look forward to tax filing by making positive changes in our planning and small adjustments to [...]
401(k) Plan Check-Ups Help Plan Sponsors Maintain Compliance
Many employers sponsor retirement plans to benefit their employees. While there are a variety of plans to choose from, one of the most popular options [...]
Do 401(k) Deposit Classifications Really Matter?
Question: Our payroll person remitted our employee retirement plan “safe harbor” money into the profit sharing accounts of participants. Does it really matter or can we [...]
Which Is Better – Pre-Tax 401(K) or After-Tax Roth Contributions?
Question: My retirement plan allows me to choose between pre-tax 401(k) contributions or after-tax Roth contributions. Which is better? Answer: Your pre-tax 401(k) withholding is saved in [...]
Income Distribution – Deciding How to Split the Pie
Having partners in a medical practice definitely has its advantages. You have peers to share the workload and to share costs, which often drives up [...]
The Sandwich Generation – Taking a Bite out of the Burden
They call us the Sandwich Generation, the middle layer between grown or growing children who depend on us and parents who also depend on us. Being in this position can sap a family’s resources physically, emotionally, and, of course, financially.
New Item on the Vacation Planner – Pay Taxes
It's February and you're thinking about that dream vacation to an island in the sun, or an exciting discovery of another country's history and culture. [...]
Implementation of Fiduciary Rule Regulations Delayed
The Department of Labor (DOL) spent years creating their 2016 Fiduciary Duty Rule final regulation to define a fiduciary of covered retirement plans. The purpose [...]
Can Stolen Funds be Recouped from Employee’s Retirement Plan?
Question: One of my employees stole from the company and when we found out we terminated their employment. Can we use their company retirement plan [...]
What Is a 401(K) Match “True up” and Why Must I Do It?
Dear Anna, Question: We’ve been funding an employer matching contribution to the 401(k) plan throughout all last year and now I’m being told I must [...]