Retirement – Page 5 – Fiducial Blog

IRS Provides Guidance on ARPA Changes to Pension Plans

October 29, 2021

The IRS provided guidance on changes made by the ARPA regarding pension plans. The guidance also addresses the funding-based limits on benefits.

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.

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.