Key Tax Limit Changes for 2025
Each year, tax-related limits affecting businesses are adjusted for inflation. While many have increased for 2025, the rate of increase has slowed due to cooling inflation. Below are some key […]
Tag: 401k
Protecting Employee 401(k) Savings from Fraud
Recently, a 401(k) participant lost approximately $740,000 in an intricate scam orchestrated by overseas criminals. Alarming cases also reveal that friends, family, and even employers have been implicated in 401(k) […]
IRS Announces New Retirement Contribution Limits for 2025
The IRS has set new contribution limits for retirement plans in 2025, raising the cap for 401(k) plans to $23,500, up from $23,000 in 2024. Here’s a quick overview of […]
Building Retirement with a Solo 401(k)
If you’re self-employed and operate a small business without any employees (other than your spouse), a solo 401(k) plan is a great option for establishing a retirement plan. This plan […]
Self-Employment Nest Eggs: Consider a Solo 401(k) Plan
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified […]
Establish a Tax-Favored Retirement Plan
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, […]
IRS Announces Increase to 401(k) Plan Limits for 2022
The IRS announced on November 4th that employee 401(k) contributions for 2022 will rise to $20,500 from $19,500. Additionally, plan participants who are 50 or older can contribute an extra […]
The key to retirement security is picking the right plan for your business
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of […]
