Entries filed under 'SEP IRA'

    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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    SEP IRAs: Pep for Small Business Owners

    April 7, 2017 9:45 AM by Brian Dobbis

    Funding a SEP IRA can save on taxes as well as increase retirement savings. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    With the 2016 tax-filing deadline date of April 18, 2017 quickly approaching it’s a good time to review one of the ways a small business owner can benefit from a SEP IRA.

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    Small-Business Retirement Plans: Explore Tax Credits

    March 24, 2017 12:18 PM by Brian Dobbis

    Certain business owners may be eligible for tax relief in the form of credits in connection with establishing a retirement plan.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many small businesses are unaware that they may be eligible for a tax credit in connection with the establishment of a group retirement plan. The small-business tax credit offsets some, if not all, of the start-up expenses credit for establishing and administering certain retirement plans. Not surprising, a recent survey by Pew Charitable Trusts shows that 71% of small- and medium-sized businesses don’t offer retirement plans, in part because they’re too costly to set up.1  (See Chart 1.)

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    Funding Multiple Retirement Plans

    January 26, 2017 1:05 PM by Brian Dobbis

    If you have earned income from a side business, increasing retirement savings is easy—as long as you navigate the maze of rules.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Many Americans are entrepreneurial, in that they work and have earned income from a side business in addition to their full-time jobs. Can they contribute to more than one retirement plan? It’s a great question, and one I get with more frequency. The short answer is, yes.

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    Why SEP IRAs Are A-OK, but Need TLC

    February 25, 2016 2:40 PM by Brian Dobbis

    Simplified Employee Pension (SEP) IRAs offer a souped-up, tax-advantaged retirement savings vehicle, but workers are responsible for managing their own accounts.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Last week, I introduced the idea of establishing SEP IRAs for small-business owners and self-proprietors who want to set up a savings plan and who missed the 2015 deadline for qualified plans. As I noted, businesses have until the 2015 tax deadline—with applicable extensions—to set up and claim their contributions to SEP IRAs.

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    Why SEP IRAs Are So Popular: Low-Cost, Low-Maintenance, High-Savings Option

    February 19, 2016 9:10 AM by Brian Dobbis

    SEP IRAs can help self-employed individuals and small businesses save more for retirement while reducing taxable income.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (First of a two-part series)

    Don’t let the alphabet soup of acronyms throw you off. Simplified Employee Pension (SEP) IRAs offer some tasty options for retirement savings. 

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    SEP IRAs: Helping Small-Business Employees Save for Retirement

    January 22, 2015 4:10 PM by Brian Dobbis

    Simplified Employee Pension IRAs offer a tax-advantaged way to save, but workers are responsible for managing their own accounts.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Last week I introduced the idea of establishing SEP IRAs for small business owners and self-proprietors who want to set up a savings plan and who missed the 2014 deadline for qualified plans. As I noted, businesses have until the 2014 tax deadline—with applicable extensions—to set up and claim their contributions to SEP IRAs.

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    SEP IRAs: Simplifying Savings for Small-Business Owners and Workers

    January 16, 2015 10:30 AM by Brian Dobbis

    There is still time to establish and fund a SEP IRA for the 2014 tax year. Small-business owners can reduce their tax bills, while helping their employees save for retirement.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    For sole proprietors and small-business owners who missed the December 31st deadline to set up a qualified retirement plan for 2014, there is still time to establish a Simplified Employee Pension (SEP) IRA and claim the tax deduction for the 2014 tax season. There’s additional good news: You’ll be helping yourself and your employees save for retirement at the same time.

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