retirement – Fiducial Blog

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.

A win-win proposition: A CRT can benefit you and your favorite charity

August 23, 2021

What can a CRT do for you? A CRT can convert assets into lifetime income, provide a current tax deduction and leave the remainder to charity.

Symbol for decreasing pensions. Dice placed on stacks of coins form the word "PENSION".

Consider a Lift-Out to De-Risk Your Defined Benefit Pension Plan

August 16, 2021

Private sector employers are retreating from the DB pension model. A “lift-out” is common to settle liabilities for vested benefits of active employees.

How Can Eldercare Qualify as a Medical Deduction?

July 30, 2021

The cost of eldercare may qualify for a deduction as a medical expense. But as with anything tax-related, there are many factors to consider.

New Business? It’s a Good Time to Think About Retirement Plans

July 5, 2021

Have you recently launched a business? You may want to think about tax-favored retirement plans for yourself and your employees.

Many Tax Amounts Affecting Businesses Have Increased for 2021

March 10, 2021

Tax-related limits that affect businesses are annually indexed for inflation. Here’s Fiducial’s list of some important changes for your business for 2021.