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10 things to know about 401(k)s

Here are 10 things you need to know about these retirement plans. ....

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The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs

The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs
Kiplinger
3/4/2021
© Thinkstock
After being waived for 2020, required minimum distributions (RMDs) are back for 2021. And the IRS wants to be sure that owners of IRAs and participants in 401(k)s and other workplace retirement plans are properly taking and reporting them.
The agency knows that some folks age 72 and older aren t taking their annual RMDs, and it s looking at this closely (prior to 2020, RMDs were required for people age 70½ and older). Those who fail to take the proper amount can be hit with a penalty equal to 50% of the shortfall. Also on the IRS s radar are early retirees and others who take payouts before reaching age 59½ and who don t qualify for an exception to the 10% penalty on these early distributions. ....

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Ketron campaign finance audits result in 'serious findings' | State

Ketron campaign finance audits result in 'serious findings' | State
wilsonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilsonpost.com Daily Mail and Mail on Sunday newspapers.

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Fund Your IRA, Cut Your Taxes

Fund Your IRA, Cut Your Taxes
Kiplinger
12/16/2020
© Provided by Kiplinger
As you get ready to tackle your 2020 tax return, make sure you haven t overlooked one of the best ways to cut your tax bill and secure your future funding a traditional IRA. (There is no upfront tax break for funding a Roth IRA.)
You can actually make an IRA contribution for the 2020 tax year up until the time you file your tax return, which is due April 15, 2021. But why wait? If you have some extra income – say, from a stimulus check – go ahead and deposit it into an IRA account now before you forget. You ll also give the money a little more time to grow, which you ll appreciate when you retire. ....

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Ketron campaign finance audits result in 'serious findings' | News

Ketron campaign finance audits result in 'serious findings' | News
murfreesboropost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from murfreesboropost.com Daily Mail and Mail on Sunday newspapers.

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