Rules for Simplified Employee Pension Plans better known as a SEP Plans by: Daniel Lamaute A SEP is a special type of IRA. Under a SEP plan the employer creates an IRA account for each eligible employee, hence the name SEP-IRA. A SEP is funded s...
Business And Finance business finance employees solo plan employee contributionsA relatively new type of retirement plan is now available to businesses with less than 100 employees. The new plan is called “SIMPLE” and it is easy addition to the employee benefits for almost any small business. The Small Business Protection Ac...
Business And Finance business finance plan employees plans employee simple contributions employerA number of publications, including my own, have mistakenly reported over the past year that Coverdale IRAs, formerly known as Education IRAs, are tax deductible. Coverdale IRAs are not tax-deductible.Originally the concept of education IRAs was mean...
Business And Finance business finance income education iras year deductible contributionVery few people whom I know are familiar with the benefits of the Roth IRA. It was named for the late Senator William Roth of Rhode Island, who proposed it. It is similar to a traditional IRA except contributions are never tax-deductible. Contributio...
Business And Finance business finance roth contributions gains retirementMajor changes to the tax laws now allow small business owners to establish 401(k) plans more easily than ever before, and benefit from bigger 401(k) plan deductions than they've ever seen. These 401(k) plans have been dubbed "solo" 401(k) plans ...
Business And Finance business finance solo plan retirement income contributions contributionest 20% Return You Can Make by: News Canada (NC)-Many parents with hopes and dreams of a post-secondary education for their children also wonder where all the money will come from to pay for this education. According to Statistics Canada, the a...
Business And Finance business finance resp year grant parents contribution education planCredit for Qualified Retirement Savings ContributionHere we are again its tax time. And with all the turmoil in our country not to mention in our private lives, Uncle Sam expects us to sit up and take notice of the time of year and file our tax retur...
Business And Finance business finance retirement filing credit contributions time overLooking for College Grants? by: Michael Carter Grants are a type of student aid that is awarded by the government. Grants for college students do not have to be repaid. Grants are based upon financial need, as calculated by the federal aid progr...
Business And Finance business finance student grants grant expected available contributionFive Reasons To Stay Committed To Your Retirement Savings by: News Canada (NC)—As an investor working to build your portfolio, you face many day-to-day demands on your money. It's not always easy to determine what your financial prioritie...
Business And Finance business finance rrsp savings contribution financial contributingly Finance Beyond RRSPs by: News Canada (NC)-Congratulations, you have contributed the maximum amount to your RRSP. So now what? "At this point," says Anita Prescott, a certified financial planner (CFP) and Winnipeg-based financial adviser with ...
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