Retirement

Solo 401(k) – What You Need To Know (+2021 limits)

If you are self-employed and have some self-employment income, you can contribute to a solo 401(k) account. A solo 401(k) offers many of the same benefits as a traditional 401(k) but there are some important differences. Solo 401(k) is sometimes called a one-participant 401(k), individual 401(k), or self-employed 401(k). A regular 401(k) is offered by …

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Retirement Savings Law Changes Coming In 2020

Major changes are coming to your retirement plans in 2020.  SECURE Act was signed into law by President Trump on December 20, 2019.  SECURE is an acronym for “Setting Every Community Up for Retirement Enhancement”. Here are the key provisions of the changes to retirement plans. Age for Required Minimum Distributions Increases to 72 Individuals …

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