401(K) Not just for big employers

admin — Thu, 14 Jan 2010 23:21:53 +0000

Even if you have a small payroll, you can still help attract and keep excellent employees by establishing a tax‐qualified 401(k) retirement program. There are many different ways to design a plan to take advantage of your particular circumstances, including ways of (legally) avoiding some of the more burdensome administrative aspects of the traditional 401(k) arrangement. In some circumstances a plan may be matched with a profit‐sharing plan to allow higher‐compensated employees to exceed the regular limit on 401(k) plans ($16,500 in 2010) We can analyze your situation to show you what options are available for you.

Should you convert your regular IRA to a Roth?

admin — Tue, 05 Jan 2010 21:44:25 +0000

Tax law changes for 2010 allow investors to convert regular Individual Retirement Accounts to Roth IRA accounts during 2010. Later withdrawals from a Roth IRA may be taken tax‐free on both the principal and any earnings on the account. Conversions are subject to income tax at the time of conversion, and future withdrawals may be made tax‐free. Under some circumstances this tax may be spread over more than one year. Whether or not this is a good idea for you depends on your current and future financial situation. Let us help you understand the options.

Magri and Associates, Inc.

401(K) Not just for big employers

Should you convert your regular IRA to a Roth?