Roth Recharacterizations: Back to the Future

How to undo a conversion to a Roth When it comes to taxes and finance, there is usually no going back in time. However, a notable exception may apply if you converted a traditional IRA into a Roth last year. In effect, you can undo a conversion as if it never happened. This “recharacterization” technique
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Top Benefits of 401(k) Plans

Advantages of retirement accounts No matter the size of your company, employees may enjoy the benefits of participating in a 401(k) plan. One of the most popular retirement plans around, this is a proven way to save money for your golden years. Just consider these attractive features: Tax deferrals: You pay no current tax on the
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Gearing Up for an Auto-enrollment Plan

Benefits for both employees and employers A 401(k) plan can be a win-win situation for employees and employers. Just take a quick look at the payoff. For employees: You can defer up to $18,000 of salary to your account in 2017 ($24,000 if you are age 50 or older), before any employer-matched contributions. Contributions may grow
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Gearing Up for an Auto-enrollment Plan

Benefits for both employees and employers A 401(k) plan can be a win-win situation for employees and employers. Just take a quick look at the payoff. For employees: You can defer up to $18,000 of salary to your account in 2017 ($24,000 if you are age 50 or older), before any employer-matched contributions. Contributions may grow
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Big Benefits Through 401(k) Accounts

Advantages of tax-sheltered deferrals No matter what the size of your company, employees may enjoy the benefits of participating in a 401(k) plan. One of the most popular retirement plans around, a 401(k) is a proven way to save money for your golden years. Just consider the following features: Tax deferrals: No current tax is
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Form 5500 Filing Deadline Fast Approaching

Plan Administrators, have you filed your form 5500 for your retirement plan for 2013?  The deadline for the most common reporting period for the form 5500 is quickly approaching.  The 5500’s non-extended due date is 7 months after the last day of the plan year.  Most plans have a December 31 year end, which means
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Form 5500 Deadline Approaching Soon: Have You Filed Yet?

Dear Plan Administrator, Have you filed your form 5500 for your retirement plan for 2012?  The deadline for the most common reporting period for the form 5500 is quickly approaching.  The 5500’s non-extended due date is seven months after the last day of the plan year.  Most plans have a December 31 year end, which
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