Consider Options in Retirement Planning

Fishbien, Rober
March 2009
Best's Review;Mar2009, Vol. 109 Issue 11, p72
Trade Publication
The article offers tips on retirement planning in the U.S.. It is said that one must make contributions to a simplified employee pension individual retirement account (SEP IRA) and the contributions will grow on tax-favored basis until distributions start at 70. It is also advised to put up a traditional or a Roth IRA which is funded with money that already has been taxed and regard an annuity to minimize income tax liability.


Related Articles

  • Retirement Plans Can Provide Last-Minute Income Tax Deductions. Tannahill, Bruce A. // Journal of Financial Service Professionals;Mar2013, Vol. 67 Issue 2, p35 

    Once clients know their income tax bills for the year, they often search for ways to reduce their income taxes. Their options are generally limited. For taxpayers who qualify, contributing to an IRA, Simplified Employee Pension IRA, or profit-sharing plan can be an effective way to reduce their...

  • EPCU Finds Errors in SEP Plans.  // Retirement News for Employers;Spring2012, p3 

    The article offers information on examination project for Salary Reduction Simplified Employee Pension Plan (SARSEP). It states that active examination program of Employee Plans has been reviewed compliance related to SARSEP Individual Retirement Account (IRA) plans with International Revenue...

  • Retirement Plans Startup Costs Tax Credit.  // Retirement News for Employers;10/2/2014, p1 

    The article looks at the ways for claiming a tax credit for some of the ordinary and necessary costs of starting a Simplified Employee Pension (SEP), Savings Incentive Match Plan for Employees Individual Retirement Arrangements (SIMPLE IRA) or qualified plan. Topics discussed include eligibility...

  • Easing the bite on retirement savings. Farber, Lawrence // Medical Economics;2/16/2007, Vol. 84 Issue 4, p48 

    The article offers recommendations on how to expand the deductible contributions for 2006 on retirement savings. It is stated that exceptions to the annual limits on plan contributions may allow retirees to add to the amount put in for 2006. Setting a Simplified Employee Pension is also...

  • Choosing the right retirement plan for you and your practice. Rudzinski, Kenneth W. // Infectious Diseases in Children;Feb2008, Vol. 21 Issue 2, p58 

    The article offers ideas for medical professionals and practices on selecting the right retirement plan in the U.S. It explains the mechanisms of and differences between a Traditional Individual Retirement Account (IRA) and a Roth IRA. It clarifies the procedure for matching contributions in a...

  • Do SEP and SIMPLE IRA plans have the same contribution limits as regular IRAs?  // Retirement News for Employers;Fall2011, p5 

    The article provides an answer to a question related to the contribution limits of the Simplified Employee Pension (SEP) Plan and the Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) in the U.S.

  • Have You Had Your Retirement Plan Check-Up This Year?  // Retirement News for Employers;10/2/2014, p1 

    The article lists several check points for basic operations of retirement plans in the U.S. including participation of eligible employees, impact of new laws on the past plans, and the plan document's terms. Topic discussed include Simplified Employee Pension Individual Retirement Arrangement...

  • End-of-Year Tax Tips: Reducing Your Tax Liability. CARLSON, BRIAN; ADOLPH, BILL // AAOS Now;Dec2013, Vol. 7 Issue 12, p30 

    The article offers information on several strategies which can be implemented to reduce tax liability. It states that one should be aware of the "wash rule" when offsetting capital losses to ordinary income because it prohibits one to deduct the loss on an investment. It says that any future...

  • Congress Advances Bills To Relax IRA Distributions. Postal, Arthur D. // National Underwriter / Life & Health Financial Services;9/19/2005, Vol. 109 Issue 35, p6 

    The article reports on a legislative bill passed by the U.S. Congress to waive the 10% penalty for early withdrawal of funds from the IRA retirement plans for individuals living in a federally declared disaster area. The Internal Revenue Service also was expected to issue new guidance allowing...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics