Often overlooked retirement plans for the self-employed
Roughly 25 million small businesses are self-employed individuals and many do not have retirement plans in place.
Tag: SEP IRA
There is still time to try to save on taxes before the filing deadline
With the April 18, 2023 tax-filing deadline approaching, it’s not too late to consider some strategies that could reduce taxable income. Investors may want to consult with an advisor who understands their individual financial situation before taking advantage of these strategies. Contribute to an individual retirement account (IRA). Taxpayers may make a tax-deductible contribution prior
Leading tax questions on the minds of advisors from our webinar
Here are some of the top tax questions asked by advisors on our recent webinar.
Top advisor questions from our SECURE 2.0 webinar
Tax credits for start-up retirement plans, Roth strategies and easing rules around RMDs were among the top advisor questions about SECURE 2.0.
Three planning ideas for small business owners
Here are three planning ideas that may help entrepreneurs manage their business taxes and liabilities.
Small businesses: It’s not too late to fund a SEP IRA
Small business owners and sole proprietors may find a SEP IRA helpful in establishing retirement savings.
Studies reveal what’s driving IRA growth
With their growth rate expected to nearly double that of 401(k) assets in the next five years, individual retirement accounts (IRAs) continue to be a leading segment in the retirement industry. Here are some highlights of the growing IRA market: 1. The traditional IRA represents the largest share of U.S. retirement assets. In a 2014
Lack of retirement planning can be costly for small business owners
Being self-employed has many advantages, such as having more autonomy. But being in charge also means more responsibility for business finances and, in some cases, entrepreneurs neglect their own personal planning. Many entrepreneurs will not save enough for the future unless they make retirement savings a priority. A recent TD Ameritrade survey found that 40%
Five benefits of a SEP IRA to share with small business owners
While clients who own businesses may be focused on day-to-day business activity, they may not be planning for retirement. In fact, the Small Business Administration reported in 2012 that more than 9 million self-employed individuals lacked retirement plan coverage, and that only 19.5% of workers in firms with less than 100 employees participated in a