Retirement – Page 4 – Fiducial Blog

You and Your Employees Can Save More for Retirement in 2023

November 23, 2022

How much can you and your employees contribute to retirement next year? The amounts increased more than they have in recent years due to inflation.

IRS News Regarding Employer Reversion and Spinoff/Termination

October 21, 2022

What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.

Self-Employed? Build a Nest Egg with a Solo 401(k) Plan

September 12, 2022

Do you own a successful small business with no employees and want to set up a retirement plan? Fiducial wants you to consider a solo 401(k) plan.

Arbitration Provision for an ERISA-Compliant Retirement Plan

August 17, 2022

Does arbitration make you think of a business dispute or divorce? Retirement plans that must comply with ERISA could also have an arbitration provision.

The Reverse Mortgage: A Cash Flow Solution for Seniors

April 29, 2022

Some retirees have a significant amount of debt and inadequate income. One solution for those with equity in their primary home is a reverse mortgage.

How Can a Nonworking Spouse Qualify for a Spousal IRA?

March 23, 2022

Generally, only taxpayers who have compensation may make contributions to IRAs.The spousal IRA is the exception to this rule.

Complications to the Qualified Charitable Distribution (QCD) Provision

February 2, 2022

The tax code includes a provision called a Qualified Charitable Distribution (QCD). This allows retirees to make contributions for significant tax benefits.

Tax Considerations for Launching a Small Business as a Sole Proprietor

December 27, 2021

Many entrepreneurs begin operating as sole proprietors. Fiducial has some tax rules and considerations for operating your business as a sole proprietor.