Don’t Forget These Important Retirement Deadlines

    September 29, 2017 12:15 PM by Brian Dobbis

    Now that fall is in full swing, be sure to mark your calendar for steps that can help boost your tax-advantage retirement savings.

    Many people consider fall their favorite season. Everything in nature bursts with its last beauty, as if nature had been saving up all year for the grand finale, as one writer put it. And if you’re into football, playoff baseball, and children’s school activities, it may be easy to lose sight of some important retirement deadlines. So here’s a handy summary for future reference.

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    Three Retirement Plan Options for Small Businesses

    September 22, 2017 9:21 AM by Brian Dobbis

    Consider the choice, flexibility, and costs of SIMPLE IRAs, SEP IRAs, and 401(k)s.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Small businesses often have been touted as the engine driving the American economy. How well they understand ways to save more for retirement and lower taxes is another matter. But starting a plan is easier than many business owners are aware.  

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    The Easy Steps to SEP IRAs

    September 14, 2017 1:48 PM by Brian Dobbis

    Sole proprietors and small-business owners who have an extension of their tax-filing deadline can fund such plans as late as October 16.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    For sole proprietors and small-business owners who missed the December 31st deadline to establish a qualified retirement plan for 2016, there is still time to set up a Simplified Employee Pension [SEP] IRA and claim the tax deduction for the 2016 tax year. In addition, those who do so will be helping themselves and their employees save for retirement on tax-advantaged basis.

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    Navigating Safe Harbor 401(k) Rules

    September 7, 2017 1:25 PM by Brian Dobbis

    In order to meet important IRS guidelines, don’t forget that the deadline for new Safe Harbor plans is October 1.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With $5 trillion in assets, 401(k) plans continue to be one of the most popular retirement plan savings option for employers. They are eligible for a variety of employer and employee tax benefits. Moreover, a 401(k) plan also allows businesses to provide employees with a substantial retirement benefit, while offering a number of plan design options.   

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    Top 10 Questions about SIMPLE IRAs

    August 24, 2017 3:25 PM by Brian Dobbis

    As the deadline approaches for small businesses to establish SIMPLE IRAs in 2017, here are answers to frequently asked questions.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    SIMPLE IRAs are low-cost, hassle-free retirement plans for small-business owners who have fewer than 100 employees, and who don’t sponsor any other qualified retirement plans. With the 2017 deadline for setting up a SIMPLE plan approaching, I thought I’d share information requested most often by financial advisors.

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    Small Businesses Still Have Time to Establish a SIMPLE IRA

    August 17, 2017 10:04 AM by Brian Dobbis

    Remember that this popular retirement-savings plan features low cost, flexibility, and minimal administrative requirements.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    For many small-business owners, the waning summer season is a reminder that the leisurely days soon will be replaced with the more eventful schedule of fall, including preparing for the deadline of October 1 to establish a SIMPLE IRA plan for 2017. 

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    MyRA Forced into Early Retirement

    August 10, 2017 12:30 PM by Brian Dobbis

    Economics trumped the original intent of helping low- to middle-income savers. So, now, a Roth IRA is the only rollover option.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    On July 28, the U.S. Treasury Department announced plans to end the Obama administration’s myRA program, less than two years after it started, in late 2015.  

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    Obamacare Surtax Is Likely to Survive

    August 4, 2017 11:58 AM by Brian Dobbis

    So be sure to revisit ways to mitigate the impact of that 3.8% levy on investment income.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    In case you missed it, while the Republican-led Senate repeatedly failed its attempts to repeal the Affordable Care Act (ACA), there came news—surprising to some—that the Senate wants to retain the 3.8% net investment income (NII) surtax.

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    Will Tax Reform Help the “Gig” Economy?

    July 27, 2017 4:52 PM by Brian Dobbis

    Any freelancer will tell you nothing concentrates the mind like living on the edge. But many remain ill prepared for retirement.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Lost in the debate over healthcare reform is the growing conundrum of retirement planning, especially when it comes to the so-called gig economy—a term that wasn’t even in the lexicon the last time Congress passed major tax reform in 1986.  Sure, globalization, automation, and suboptimal trade policies have cost America millions of jobs. But factor in industry consolidation, financial engineering, and downsizing, and the gig economy now has 40 million part-time, contingent, or freelance workers (or 25% of the labor force), according to the U.S. Bureau of Labor Statistics.

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    Why Trusteed IRAs Are Becoming More Popular

    July 20, 2017 12:30 PM by Brian Dobbis

    If you want to control payouts to your heirs and avoid the time expense of setting up a trust, consider this simpler option.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to naming a beneficiary, IRA owners have a lot of discretion on how their nest egg is divided up when they’re gone. The beneficiary can be a person. It can be an estate, charity, or trust, or it can be a combination of those options.

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