Retirement Planning – Page 6

Traditional IRA and RMD Opportunities to Explore for 2020

September 25, 2020

Many people have taken financial hits this year. However, 2020 does provide some unique tax opportunities for those with traditional IRA accounts.

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

September 23, 2020

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

Qualified retirement plan rules affect COVID-19-related layoffs and rehires

September 11, 2020

Have you laid off employees because of COVID-19? Plan to rehire some of them before 2020 ends? If so, and you offer a qualified retirement plan, listen up!

Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes

August 10, 2020

In response to the COVID-19 crisis, the IRS issued Notice 2020-52. It offers sponsors of safe harbor 401(k) plans temporary relief from some requirements.

RMD Waivers and Rollovers Offer Relief to Older Taxpayers

July 7, 2020

The CARES Act brings welcome changes to older taxpayers through RMD waivers and rollovers. Fiducial has all you need to know on these importamt changes!

Retirement Plan Distribution and Loan Relief Addressed by CARES Act

June 3, 2020

The IRS recently issued FAQs about retirement plan distribution and loan relief under the CARES Act. Fiducial has all you need to know about this relief.

IRA Contribution Age Restriction Removed By Congress

March 30, 2020

Effective for tax years beginning in 2020, for individuals who otherwise qualify, Congress has removed the IRA contribution age restriction.

Qualified Charitable Distribution (QCD) Provision Gets a New Twist

March 27, 2020

Those age 70½ + can transfer up to $100,000 annually from IRAs to qualified charities. This transfer are called a qualified charitable distribution (QCD).