A cash balance plan is an intriguing pension possibility

Sep 30, 2019 | Small Business

Pension plans aren’t as popular as they used to be. For years now, employers have been moving from defined benefit plans (pensions) to defined contribution plans such as 401(k)s. But one type of hybrid pension that remains relatively popular is the cash balance plan....

Getting a divorce? There are tax issues you need to understand

Sep 23, 2019 | Individuals

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure taxes are kept to a minimum and important tax-related decisions are properly made. Here are four issues to understand if you are in the process of...

Know the basics of safe harbor 401(k) plans

Sep 16, 2019 | Small Business

Many growing businesses and other types of employers want to offer a 401(k) plan but don’t want to deal with the stress and administrative challenges of following the IRS’s nondiscrimination testing rules for elective deferrals and matching contributions. One...

How to convince donors to remove “restricted” from their gifts

Sep 9, 2019 | Nonprofits

Restricted gifts — or donations with conditions attached — can be difficult for not-for-profits to manage. Unlike unrestricted gifts, these donations can’t be poured into your general operating fund and be used where they’re most needed. Instead, restricted gifts...

Taking distributions from your traditional IRA

Sep 2, 2019 | Individuals

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan for withdrawals from these retirement-savings vehicles. Knowing the fine points of the IRA...