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In this video, I'm talking about the SIMPLE IRA explained, well, simply. Reducing taxes, saving for retirement, and employee retention for small business owners. The SIMPLE IRA is a retirement account, employee benefit, tax deduction, tax-deferred and simple to setup. 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 Book a meeting and ...

You work hard to run your business and make a living now, but are you putting away money for the future? If the answer’s no, you’re not alone. The truth is many small-business owners aren’t prepared for retirement, and neither are their employees. At ADP® Retirement Services, saving for retirement has never been easier. Savings Incentive ...

The SIMPLE IRA is a wonderful retirement plan if you work at or own a small business, and for all its benefits, it does have a couple not so simple rules that you’re going to want to know about to use this retirement plan effectively...that and more this hour on Wise Money. Season 6 Episode 48 Have a question for the show? Call or text 574 ...

Simple IRAs are a great retirement plan option for small businesses looking to provide valuable benefits to their employees without the complexity of larger retirement plans. This video explains how Simple IRAs work, covering their purpose, employer contribution requirements, and tax advantages for both employers and employees. Learn how they ...

SIMPLE IRA: Easy Retirement Plan with Big Tax Benefits For small businesses looking to offer retirement benefits without the complexity of a 401(k), a SIMPLE IRA (Savings Incentive Match Plan for Employees) is an easy and cost-effective solution. It’s designed for companies with 100 or fewer employees, and offers major tax advantages for both ...

Have you ever wondered about the different types of retirement plans? Deciding which retirement account is best for you can feel overwhelming. Quite a bit has changed regarding retirement plans in 2020 including: 2020 retirement plan limits, the CARES Act retirement withdrawal , and many others. If you have ANY 1099 income outside of your ...

📋 Video Summary: Prior to 2025, it was very easy to explain to an employee what the maximum Simple IRA contribution was for that tax year. Starting in 2025, it will be anything but “Simple”. Thanks to the gradual implementation of the Secure Act 2.0, there are 4 different limits for Simple IRA employee deferrals that both employees and ...

The 2025 Financial Planning Cheat Sheet is here and it's FREE! https://www.bridgeviewadvisors.com/2025-Financial-Planning-Cheat-Sheet SIMPLE IRA matching can be confusing. This video will explain how SIMPLE IRA matching works for employees and employers. SIMPLE IRA plans can be a great way for a small company to provide a low cost retirement ...

Learn why SEP and SIMPLE IRA plans are for business owners like you who want an inexpensive, hassle-free way to plan for retirement for you and your employees.

The SECURE Act 2.0 brought big changes to retirement plans, especially with SIMPLE IRAs and changing the contribution limit for 2024. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find ...

Learn how to track your tax refund, check your IRS transcript, and understand what IRS codes mean for your money. Get the latest update on IRS refund schedules, find out why refunds get delayed, how to fix common issues, and when you can expect your refund to arrive. In today's update, wondering when you’ll get your tax refund? Learn how to ...

📄💰 Where's My IRA Tax Form? Understanding Form 5498 📄💰 Confused about why you receive a tax form for your IRA contributions after you've already filed your taxes? Our latest video sheds light on Form 5498, a crucial document for anyone with an IRA, including Traditional, Roth, SEP, and SIMPLE IRAs. We'll explain what this form is ...

Big changes are here for Simple IRA employer contributions starting in 2024! This video breaks down the updates, what they mean for employees, and how they can enhance your retirement savings. Whether you're an employer or an employee, understanding these contributions is key to optimizing workplace benefits and planning for a secure financial ...

With the passage of the Secure Act 2.0, for the first time ever, starting in 2023, taxpayers will be allowed to make ROTH contributions to Simple IRAs. Before 2023, only pre-tax contributions were allowed to be made to these types of employer-sponsored retirement plans. Additional Secure Act 2.0 Videos RMD Age 73 in 2023: https://youtu.be ...

🤰 Wondering how to calculate your pregnancy weeks? Here's the easiest way! Start with the date of your last menstrual period and add 9 months + 7 days for an approximate delivery date. Simple, right? 📱 Or use a pregnancy calculator app! Just input your last period date, and voila, you'll know your pregnancy weeks in no time. 🩺 Want ...

Explanation of the difference between regular IRAs and "rollover" IRAs To listen to the Retirement Planning Education podcast, join the Retirement Planning Education Facebook group or download lots of free Retirement Planning Education material - https://www.RetirementPlanningEducation.com #IRA #RolloverIRA #RetirementPlanning DISCLAIMER: This ...

Traditional IRA contributions after RMD age may make sense in a handful of situations, but not many.

In July 2024, the IRS released its long-awaited final regulations clarifying the annual RMD (required minimum distribution) rules for non-spouse beneficiaries of retirement accounts that are subject to the new 10-year rule. But like most IRS regulations, it’s anything but simple and straightforward. The short answer is for non-spouse ...

Need to calculate due dates in Excel quickly? ⏳ Learn this simple method to automate due dates effortlessly and keep track of deadlines with ease. Watch now and streamline your workflow! #exceltips #excel #finance #spreadsheets #productivityhacks #exceltricks #office #accounting #microsoftexcel #datamanagement

A simplified employee pension (SEP) is a retirement plan that an employer or a self-employed individual can establish. They are more common with small businesses.

Clarity on the 10-year rule, RMDs, and whether the excise tax would be waived again. Denise Appleby, Morningstar contributor, explains the new inherited IRA rules including whether heirs need to take RMDs and follow the 10-year rule. Plus, what the next steps are if a beneficiary, who inherited an IRA since 2020, hasn’t taken RMDs yet. 00:57 ...

Vanguard has announced that it is selling 280,000 small business retirement plans to Ascensus. The transaction covers individual 401(k) plans, sometimes called Solo 401(k)s, Multi-SEP IRAs, and Simple IRAs, but not individual SEP IRAs. Here's my take on what's going on, your options, and what this means for Vanguard. Press Release: https://www ...

I find one of the most confusing set of rules for retirees are the three 5 year Roth IRA rules. Often they each are referenced as 'The 5 Year Roth Rule' as if there is only one rule. However, there are three and each carries a different penalty for non-compliance. The worst part about these penalties is that they destroy wealth in your most ...

Check out our tax credit calculator to see how much you can save! https://hunterbenefits.com/tax-credit-calculator/ In the latest installment of “On The Couch”. Christopher and Katherine talk about the 8 steps to convert your SIMPLE IRA to a 401(k) plan in 2024. Hopefully, this was helpful and entertaining. Comment below what was most ...

An individual retirement account (IRA) is a retirement savings plan with tax advantages that taxpayers can use to invest over the long term for retirement.

As a payer, you are required to file and pay Withholding Tax to the IRAS by the 15th of the second month from the date of payment to the non-resident. Watch this video or visit https://www.iras.gov.sg/taxes/withholding-tax/withholding-tax-filing/withholding-tax-filing-and-payment-due-date for more information. This information aims to provide a ...

"Simple IRA, 401K, SEP IRA, Which one is right for you?" Do you want to save for retirement, but don't know which retirement plan to choose? Hey Taxpayers, you are in luck! Tiffany Gonzalez CPA is here with a video to help you understand the difference between retirement plans like the Simple IRA, 401K, and SEP IRA? As a CPA, for over 10 years ...

The SEP IRA is a simple way to invest into your retirement while reaping HUGE tax benefits. Become a Tax Client: https://mycpacoach.com/tax-planning-services/ The SEP IRA allows business owners to deduct up to $58,000 and put that money towards retirement. This is thousands of dollars more than the $6,000 contribution limit that a standard ...

In this The Accounting and Tax Helpdesk Shorts, Nima explains how a SIMPLE IRA can be a great retirement option for small businesses. Learn about its contribution limits, eligibility, and the benefits it offers for both employees and business owners. Tune in for expert advice on setting up a SIMPLE IRA to provide your team with a solid ...

In this video, I show you how a SEP IRA works. I make it easy to understand the plan's benefits, limitations, rules and obligations if you have employees. I also show you how to calculate SEP IRA contributions and very importantly, how to fill out IRS Form 5305-SEP - the single form needed for the Internal Revenue Service to set up a SEP IRA.

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In this Charles Schwab Roth IRA Guide, I show you step by step how to open your own Roth IRA. Here's the link to open up your Charles Schwab Roth IRA: https://www.schwab.com/ira/roth-ira Chapters: 0:00 Intro 0:05 How to Open a Roth IRA 0:45 How to Transfer Money to a Roth IRA Account 2:12 How to Buy Stock in the Roth IRA 2:50 How to Setup ...

IRAs and 401(k)s are two popular types of retirement savings accounts. Although they both serve the same purpose, the accounts have some important distinctions. Want even more info? Learn more: https://napkinfinance.com/napkin/401k/ ---------------------------- Money Simplified. You’ve got money questions. We have quick and easy answers. What ...

Simple IRA's are often times the ideal type of reitrement plan for small businesses with employees. Before jumping to a 401(k) plan make sure you underthe difference between a Simple IRA plan and a 401(k) plan. This video will review contribution limits, establishment deadlines, employee eligibility, the employer contribution formula, vesting ...

In this video I explain the process of a 401k rollover to IRA. It isn't difficult, it just might be new to you. Take your time, take some notes, do sufficient research, and execute. The whole process shouldn't take more than 3-4 weeks between the time of initiating the rollover to the funds being settled into your Traditional IRA and ready for ...

In this video (Part 1) I demonstrate how to calculate the tax impact of the conversion from a Traditional IRA to a Roth IRA, including income and tax bracket considerations. 00:00 Introduction 02:51 Roth Conversion Step 1 - determining estimated taxable income 09:48 Roth Conversion Step 2 - determining your tax bracket and marginal rate 14:44 ...

Thinking of switching from a Simple IRA to a 401(k)? 🏦 Don't miss these important tips! When it comes to managing your retirement funds, the movement from a Simple IRA to a 401(k) is a crucial decision many face. A straightforward method is to consolidate your retirement savings. By rolling over your Simple IRA into your existing 401(k), you ...

What is a SIMPLE IRA Plan? A SIMPLE IRA stands for Savings Incentive Match Plan for Employees. There are several benefits for employers setting up a SIMPLE for their company, which includes: lower cost, employee retention and ease of use. For the employee it offers higher contribution limits than a traditional IRA: $13,500 for 2021. If you are ...

2025 Roth IRA Changes: https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000 Roth IRAs are one of the most exciting retirement account options available - you can save money for retirement that grows tax free outside of a workplace plan! Every year the IRS changes the rules for the Roth IRA with changes to ...

We've built these retirement savings accounts, but how does it work to draw them down? In this video we are looking at how to take money from a Traditional IRA and talking about a few of the considerations you should think about before finalizing the withdrawal. 10% penalty exceptions: https://www.investopedia.com/articles/retirement/02/111202 ...

Fidelity Roth IRA For Beginners: Roth IRA's are extremely important when it comes to planning retirement. A Roth IRA is an individual retirement account that allows you to invest after tax income for retirement that when the time comes to withdrawal, is completely TAX FREE. ⚠ Must Watch Video https://youtu.be/Cp1kJLCP9dg Sign up on Fidelity ...

Explanation of Roth IRA withdrawal rules...when taxes or penalties apply. Links in this video: Retirement Planning Insights - https://www.tenonfinancial.com/newsletter Taxes in Retirement - https://www.facebook.com/groups/taxesinretirement #RothIRA #Roth401(k) #RothConversion DISCLAIMER: This video is only helpful hints and education. It is not ...

Get access to the same software I use for my clients and join the Early Retirement Academy here → https://ari-taublieb.mykajabi.com/early-retirement-academy In this video, I will go through a case study to help you understand if and when you should convert your 401(k) or IRA assets to a Roth account. This is especially important if most of ...

Thanks to inflation, the IRS increased the maximum you’re allowed to invest in your IRA in 2024. In this video, Certified Financial Planner® Matt Frankel discusses the new limits, the revised income limitations, and when you need to get your contributions in. A portion of this video is sponsored by The Motley Fool. Visit https://fool.com ...

#Morningstar #TargetDateFunds #BestIRAFunds Target date funds are simple one-size-fits-most solutions for IRAs. 00:00 Introduction 00:24 Benefits of Target-Date Funds in a Portfolio 01:34 Target-Date Funds in Taxable Accounts 02:23 Should You Shop Around When Choosing a Target-Date Fund? 03:04 Key Questions for Investors Before Investing in a ...

As always we get right to the point and cover all the details of the Traditional IRA. Facebook https://www.facebook.com/JazzWealth/ Website www.jazzwealth.com Twitter https://twitter.com/JazzWealth Google+ http://tinyurl.com/z4frbp3 Blogger http://askjazzwealth.blogspot.com/ LinkedIn https://www.linkedin.com/in/dustinray... Tumblr https://www ...

In this video, you'll learn everything you need to know about retirement accounts such as 401(k)s, 403(b)s, and IRAs! We cover the difference between Roth and Traditional retirement accounts, when to choose an IRA over a 401(k), what happens to your 401(k) when you leave your company, and much more!

It's tax season! Today we will cover the Roth IRA and when to report your contributions on your tax return and when not to. We will look at how the retirement savings credit could come into play on your 1040 which may make you want to report your Roth IRA contributions. We're an investing service that also helps you keep your dough straight. We ...

Do you know the right IRA balance to maintain entering your RMD years? Watch this video as we walk through the variables that matter in your situation. If you are looking for help building a better plan for your retirement, you can schedule an appointment with one of our Retirement Experts. Call us at (920) 544-0576 or go to https://www ...