Are SIMPLE and SEP Plans the Right Options for Your Small Business?

Are SIMPLE and SEP Plans the Right Options for Your Small Business?

Are you thinking about setting up a retirement plan for yourself and your employees? Two options to consider are the SEP or the SIMPLE.
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How Can the Saver's Credit Help You Save for Retirement?

How Can the Saver's Credit Help You Save for Retirement?

Low- and moderate-income workers can take steps to save for retirement and earn a special tax credit. This credit is called the saver's credit.
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Don't Miss Out on the Opportunity for a Spousal IRA

Don't Miss Out on the Opportunity for a Spousal IRA

One frequently overlooked tax benefit is the spousal IRA. They allow a non-working or low-earning spouse to contribute to his/her own IRA, or spousal IRA.
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Traditional or Roth IRA? Which Plan Will Be Best for You?

Traditional or Roth IRA? Which Plan Will Be Best for You?

The tax code offers two IRA types. Fiducial has a primer on both kinds of IRAs. Learn their pros and cons, and how to choose the one that’s right for you.
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Preparing for 2021: Tax Planning Strategies for Small Business Owners

Preparing for 2021: Tax Planning Strategies for Small Business Owners

If you are a small business owner, every penny counts. So, you not only want to optimize your revenue but also minimize your expenses and your tax liability
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2021 Dollar Limits and Thresholds for 401(k) Plans and Similar Plans

2021 Dollar Limits and Thresholds for 401(k) Plans and Similar Plans

The IRS recently announced the 2021 dollar limits and thresholds for retirement plans. Fiducial has some of the relevant amounts for 401(k) plans.
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Traditional IRA and RMD Opportunities to Explore for 2020

Traditional IRA and RMD Opportunities to Explore for 2020

Many people have taken financial hits this year. However, 2020 does provide some unique tax opportunities for those with traditional IRA accounts.
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Health Savings Accounts (HSAs): What You Need to Know

Health Savings Accounts (HSAs): What You Need to Know

HSAs are misunderstood and underused. Congress created them so those with HDHPs could save for medical expenses not covered by insurance.
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