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Basics of Tax-Efficient Investing

Money Talk

Below are six tax-saving ideas gleaned from recent webinars and research for my book: Look Toward the Future - Absent new tax legislation, the Tax Cuts and Jobs Act is scheduled to sunset after 2025, tax rules will return to what they were in 2017, and tax rates will be higher than they are right now. For tax-advantaged accounts (e.g.,

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Useful Information “Nuggets” From 2023 Webinars

Money Talk

401(k), 403(b), 457b, and TSP). Income taxes are headed higher in 2026 if Congress does not pass a new tax law and the 2017 Tax Cuts and Jobs Act expires. Workplace Roth Accounts - Effective January 1, 2024, no required minimum distributions (RMDs) are required from workplace Roth accounts (e.g.,

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Do You Know Your Income Tax Rates?

Money Talk

Under the most recently passed tax law, the Tax Cuts and Jobs Act of 2017, there are currently seven income range segments for four tax filing status categories (single, married filing jointly, married filing separately, and head of household) that are taxed at increasing rates as income rises. 401(k)s, 403(b)s, and traditional IRAs).

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Looking Ahead to Your 2024 Tax Return

Money Talk

401(k) plan). If Congress does not extend the TCJA or pass a new tax law before January 1, 2026, 2017 tax rules will apply, indexed for inflation. Good record-keeping throughout the year will make it easier to prepare your 2024 tax return. Consider Tax-Efficient Investments- Consider strategies to minimize taxes.

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How much can a business owner contribute to a 401k? 4 rules to know

Genesis HR Solutions

Small business owners often want to start a 401(k) plan to attract and retain talent, as well as to plan for their own retirement. If you run a small business, at some point you’ve probably found yourself weighing the pros and cons of starting a 401(k) plan. Employee Contribution Limits For 401(k) Plans.

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Time is Running out for IRS ‘Pre-Approved’ 401(k)/Defined Contribution Plan Sponsors to Meet the July 31, 2022 ‘Cycle 3’ Deadline

Benefits Notes

Employers sponsoring 401(k) or other types of defined contribution plans “pre-approved” by the Internal Revenue Service (IRS) should be aware that the restatement deadline is quickly approaching. The IRS requires pre-approved plans to be amended and restated every six years to incorporate recent law changes.

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5 Reasons to Create a Culture of Learning in Your Organization

Achievers

Traditionally, a six-figure salary and 401k options were enough to attract and retain top talent. According to DevelopIntelligence’s 2017 DI Developer Survey , 55 percent of those surveyed said they seek out training in order to meet current or upcoming needs or to advance their careers. Employees Want to Learn.

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