If you participate in a 401(k), employee stock ownership plan, or other qualified retirement plan that lets you invest in your employer's stock, you need to know about net unrealized appreciation — a simple tax-deferral opportunity with an unfortunately complicated name. When you receive a distribution from your employer's retirement plan, the distribution is generally taxable to you at ordinary...
BFSG Blog
Financial Resources & News
Tax-Free Investing with In-Plan Roth’s and Roth IRAs
By: Crystal Kessler, CFP®, Wealth Advisor/Financial Planner There is a lot of confusion when it comes to In-Plan Roth’s (i.e., Roth 401k or Roth 403b) and a Roth IRA. Throughout this article we will refer to just Roth 401ks but know the rules we refer to for Roth 401ks apply to other In-Plan Roth’s like 403bs. It is important to realize that these are two completely different investment...
What Retirement Plan Fiduciaries Need to Know About The Safe Harbor Relief for Lifetime Income Products Provided in the SECURE Act of 2019
The SECURE Act of 2019 provided some much needed legislation to help improve coverage in retirement plans, incentives for small businesses, and additional safe harbors for retirement plan fiduciaries. One area that deserves a closer look is the newly created Section 404(e) of ERISA which provides safe harbor relief for the selection of lifetime income providers.
Use it or Lose it!
Year-end is fast approaching, and it is important to make sure that you are maximizing your employer benefits. Typically, many benefits reset at the end of each year, so here are some benefits to review before year-end to make sure you get the benefits you deserve. 1. Review Health and Dental benefits If you have not done so, make appointments for annual checkups by year-end. For medical, this...
Happy National 401(k) Day
You started the week with Labor Day and get to end the week with Retirement – Happy National 401(k) Day! Now is the perfect time to make sure you’re taking full advantage of your employer’s sponsored retirement plan. You can make pre-tax contributions to the retirement plan through payroll deductions. "Pre-tax" means that your contributions are deducted from your pay and contributed into your...
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