Do I have to pay taxes on the premiums? I have a company car. Do I have to pay taxes on the expenses on its use? My company pays for my commuter rail or parking. Are the benefits taxable? What is a flexible spending arrangement? My employer contributes to my retirement fund. Do I...
My employer contributes to my retirement fund. Do I have to pay taxes on those contributions? How do I report dividends and interest income? I have a joint account. Who pays tax on the interest? I withdrew my Certificate of Deposit early and had to pay a penalty. Can I deduct the pena...
If you need to move a large volume of cargo in a single load – using a method that's energy efficient, highly cost- effective and extremely safe – the short list of options is likely to begin with shipping by water. Since 1956, that's been the secret of success for McKeil Marine,...
Want to invest in SpaceX? Not so fast. It's not publicly available yet, but there are ways you can still invest in the company. Read on to learn how. Shortcut: Want to invest in pre-IPO companies like SpaceX and other top startups? EquityZen offers a chance for accredited investors...
I really try and avoid using the phone with big firms. If I have to deal with them then writing a letter is usually quicker and cheaper, plus it wastes less of my time. But if I do have to use the phone then I always record the call as a matter of policy. ...
A Savings Incentive Match Plan for Employees of Small Employers is an employer-sponsored retirement plan. In some ways, it is similar to401(k)and403(b) plans. SIMPLE IRAs are easier to implement and have lower start-up and administrative costs than many other retirement plans. The employer d...
Both SIMPLE IRAs and 401(k)s are retirement plans. SIMPLE IRAs are for small businesses; those with 100 or fewer employees. SIMPLE IRAs also require an employer to contribute to the retirement plan whereas a 401(k) does not require an employer to do so; however, many do. In addition, ...
The two year rule says you must wait two years to do a tax-free SIMPLE IRA rollover to another plan, like a traditional IRA or an employer-sponsored retirement plan, like a 401(k). The clock starts when the SIMPLE IRA is created. A SIMPLE IRA may be rolled over to a Roth account ...
If you have a SIMPLE IRA, your employer must allow you to hold your assets at another financial institution—which you may choose, if you wish.2 After the 2-Year Period When two years have elapsed, you may move your SIMPLE IRA to another eligible retirement plan by means of a transfer,...
IRAs are retirement accounts that can help set you up for a comfortable retirement. Opening up an IRA is a fairly straightforward process that can be done quickly.Choosing between a Roth IRAor a traditional IRA depends on how you want to approach taxes. Either way, as with all retirement ac...