Solo business owner? There’s a 401(k) for that
If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem way out of your reach — only bigger companies can manage one of those, right? Not necessarily.Two ways to contributeWith … [Read more...]
2023 – 06/22 – IRAs for nonworking spouses
2023 – 05/18 – Which medical expenses are tax deductible?
2023 – 04/20 – Tax implications of financial gifts to family and friends
The current standard for approving 401(k) hardship distributions
Employers that offer a 401(k) plan should generally encourage participants to invest as much as they can and not touch the money until retirement. However, there may be instances when employees feel they need to access their plan funds before … [Read more...]
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