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Recharacterizing IRA Contributions and Roth Conversions
(McNeely Content/Blog)
Tags: [Recharacterizing IRA Contributions Roth Conversions] ...
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Immediate vs. Deferred Annuities
(McNeely Content/Blog)
The terms immediate annuity and deferred annuity simply indicate when the distribution phase of the annuity begins. Both allow unlimited contributions, and both can provide, upon election, a continuous ...
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Fixed Annuity Contracts
(McNeely Content/Blog)
... A fixed annuity is a contract sold by an insurance company. The purchaser makes contributions (investments) into the annuity either as a lump sum (referred to as a single premium annuity) or over a period ...
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The Roth 401(k)
(McNeely Content/Blog)
Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important ...
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401(k) Plans
(McNeely Content/Blog)
... for you to save for retirement. Perhaps the most important feature of a 401(k) plan is your ability to make pretax contributions to the plan. Pretax means that your contributions are deducted from your ...
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Recharacterizing IRA Contributions and Roth Conversions
(McNeely Content/Blog)
Recharacterizing IRA Contributions and Roth Conversions Introduction Qualified distributions from Roth IRAs are free from income tax at the federal level. If you convert your traditional individual retirement ...
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How safe is your retirement plan?
(McNeely Content/Blog)
... plan assets in an IRA other than the one to which you make your regular annual contributions. The best way to do this may be to establish a separate IRA and roll your “qualified” retirement plan assets ...
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IRAs and 401(k) Plans: Four Strategies in a Declining Market
(McNeely Content/Blog)
... any company matching contributions you're entitled to. And if you're age 50 or older, keep in mind that you may also be able to make catch-up contributions (up to $1,000 for IRAs and $5,500 for 401(k) ...
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Defined Benefit Pension Plan
(McNeely Content/Dental Professionals)
... of retirement benefits to participants. Eligibility Employee eligibility requirements for a defined benefit plan are the same as those for defined contribution plans. Contributions Unlike the defined contribution ...
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Profit Sharing Plans
(McNeely Content/Dental Professionals)
Profit sharing plans offer both design flexibility and discretion as to making contributions. Company contributions are determined by the employer and can be allocated in a number of ways. If the company ...
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SIMPLE IRA Plans
(McNeely Content/Dental Professionals)
... years and are expected to earn at least $5,000 in the current year. A less restrictive eligibility requirement may be utilized. There are no minimum participation requirements. Contributions Employees ...
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Simplified Employee Pension (SEP) Plans
(McNeely Content/Dental Professionals)
... deposits contributions into the IRA of each plan participant, not into an employer trust account, thereby simplifying the accounting process. Any type of business entity, including a sole proprietorship, ...
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401(k) Profit Sharing Plans
(McNeely Content/Dental Professionals)
A 401(k) plan is a type of profit sharing plan that includes an elective salary deferral provision. The employer typically has the ability to make a matching contribution that is tied to the elective salary ...
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Retirement Plans for Businesses
(McNeely Content/Dental Professionals)
"Contributions to a retirement plan today can help you meet tomorrow’s goals of financial independance." Attracting and retaining exceptional employees has never been more important – and a qualified retirement ...
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Profit Sharing Plans
(McNeely Content/services)
"Most small business owners are concerned about retirement." Profit sharing plans offer both design flexibility and discretion as to making contributions. Company contributions are determined by the plan ...
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IRA’s
(McNeely Content/services)
... of IRA is right for you? As a general rule, there is no advantage to making nondeductible contributions to a traditional IRA if you qualify to make either deductible contributions to a traditional IRA ...
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College Planning
(McNeely Content/services)
... you should still be able to afford at least a portion of college costs. Take a close look at options without specific contribution limits, as they may be more appropriate for you now. Also, talk to your ...
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Annuities
(McNeely Content/services)
... imposed if you begin withdrawals from an annuity before age 59½. Unlike a qualified retirement plan, contributions to an annuity are not tax deductible, and taxes are paid only on the earnings when distributed. ...
