IRS Increases 401(k) Limits
The increase to 401(k) limits has been made to allow employees to save more pre-tax dollars into retirement accounts. Join our Raleigh and Durham CPAs as they provide numerical figures for limits to retirement plan contributions in 2024.
The Effect Roth Conversions Have on Taxes, Medicare & Social Security
In this post regarding Roth conversions, our CPAs explain how you can convert a traditional IRA to a Roth IRA and explain the tax benefits, implications on social security, and effects on your Medicare when you do seek out a Roth conversion.
Your Guide to Setting up a Qualified Retirement Plan
In this article, our Raleigh CPA Firm is answering, “What is a qualified retirement plan,” and addressing FAQs regarding retirement plans. Before setting up a retirement plan for your business, start here. You’ll get tax-compliant guidance that will serve your business wonders.
Required Minimum Distribution (RMD): Updates & Changes
Are you in your 70s and not sure how to begin the process of withdrawing from your Required Minimum Distribution accounts? Are you past the age of 72 and worried that you’ve already missed your first RMD withdrawal date? There is no need to panic! The CPAs at Steward Ingram & Cooper PLLC can help.
What is a Qualified Retirement Plan?
Knowing what a qualified retirement plan is and the different types can help you better plan for your retirement.
5 Tips for Retirement and Good Living
Most of us dream of retirement – a time of your life when your hard work pays off and you can leave the rat race behind for a time of peaceful leisure. In order to have that dream retirement, you have to be prepared financially so you’re not thrown into financial stress or having to […]
Being Realistic About Your Retirement Age
Building a formal retirement plan around a certain age may cause you to make drastic changes if something goes wrong. Learn how to plan for the unexpected.
Company Layoffs When You’re Approaching Retirement
It can be scary when you get that pink slip, especially if retirement was just around the corner. At first you feel panic, then overwhelm, and finally fear. This happened to my dear client Kelly who, at age 61, got the news that her company was laying her off. Kelly had planned on working until […]