401(k) plans – Page 3 – Fiducial Blog

IRS Issue Snapshot: Combination Retirement Plan Deduction Limits

January 19, 2022

What is a combination retirement plan? It occurs when an employer provides both a defined contribution (DC) and defined benefit (DB) retirement plan.

Hit With a Tax Penalty? Here Are a Few to Watch Out For

January 5, 2022

Most taxpayers don’t intentionally incur a tax penalty. Fiducial looks at some of the more commonly encountered penalties and how they may be avoided.

Thinking about participating in your employer’s 401(k) plan? Here’s how it works

December 1, 2021

If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.

Tax Strategizing Now May Be Wise as New Tax Proposals Loom

November 19, 2021

Fiducial has a list of potential tax strategies that may benefit you. Every taxpayer’s situation is unique; not all of these strategies will apply to you.

How Can You Minimize Tax on Social Security Benefits?

October 27, 2021

Whether your Social Security benefits are taxable depends on many issues. Fiducial can help you understand the taxability of your Social Security benefits.

Higher Income Taxpayers Beware: Tax Increases May Be Coming

October 25, 2021

The House Ways and Means Committee has released a list of proposed tax changes. As you read, notice that the provisions apply to higher income taxpayers.

Double-Check the Rules on Spousal Consent for 401(k) Distributions

October 11, 2021

Some 401(k) plans require spousal consent whenever a participant takes a distribution. Others don’t require spousal consent for distributions or loans.

The Top Five Benefits of 401(k) Profit-Sharing Plans

September 24, 2021

Are you an employer looking for an attractive employee benefit that lets you plan contributions around revenues? Consider a 401(K) profit-sharing plan.