Entries filed under 'SIMPLE 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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    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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    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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    SIMPLE IRA Rules of the Road

    September 15, 2016 12:58 PM by Brian Dobbis

    While SIMPLE IRAs have come a long way in 20 years, the rules may sound complex at times. Here’s a refresher on salient guidelines. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Are you ready for some SIMPLE advice? I’m talking about the acronym for the Savings Incentive Match Plan for Employees (SIMPLE), which turns 20 this year. And I keep getting questions on the road that make SIMPLE IRA plans sound more complex than they really are.

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    SIMPLE IRAs: Now Even Simpler

    March 3, 2016 4:45 PM by Brian Dobbis

    Rollovers are now easier under recent legislation that gives SIMPLE IRAs full portability.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to acronyms and alphanumeric abbreviations for retirement plans, nothing is as simple as SIMPLE IRAs. That’s because “SIMPLE,” in government-speak, is short for Savings Incentive Match Plan for Employees of Small Employer. And Congress has made the advantages of SIMPLE IRAs, well, simpler.

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    SIMPLE IRA Rollovers and Distributions: Proceed with Caution

    September 24, 2015 5:12 PM by Brian Dobbis

    Failure to observe holding rules for newly established plans can result in stiff penalties. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    A SIMPLE IRA can serve as an attractive retirement-savings vehicle for small-business owners and their workers. But plan simplicity may become slightly more complicated for the uninformed when it comes to taking distributions.

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    Simple Answers to SIMPLE Questions

    September 18, 2015 11:10 AM by Brian Dobbis

    As the October 1 deadline for establishing SIMPLE IRAs draws near, here are answers to frequently asked questions about establishing and maintaining these popular retirement plans.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Shorter days and changing foliage remind us that autumn is approaching and, with it, some important IRA-related deadlines. Primary among them is the October 1 deadline for employers to establish SIMPLE IRA plans for 2015. SIMPLE plans established after October 1, 2015, will not take effect until January 1, 2016, at the earliest, for that year. 

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    SIMPLE IRA or 401(k)? A Side-by-Side Comparison

    September 11, 2015 2:20 PM by Brian Dobbis

    Small-business owners who want to establish retirement savings plans for themselves and their workers have several options. Our at-a-glance comparison evaluates the two most popular plans.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Choice, flexibility, and affordability are among the characteristics self-employed individuals and small-business employers should consider when they decide to establish a retirement savings plan for their workers and themselves. 

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