Owning a small business in California means following strict requirements on providing employees with the right small business retirement plans. Having the best plans in place should help you maintain economic security and benefit from various tax advantages.
You’re likely reading about an “impending recession,” which sounds kind of scary, especially for those of us who remember the Great Recession of 2008-9. The question right now is: are we already in a recession, or just experiencing another bump in the roller coaster?
If you are a small business owner in the State of California and do not carry a retirement benefit plan for your employees, the deadline for the CalSavers Program is quickly approaching. If you have 5 or more employees and do not currently offer a workplace retirement plan you must register by June 30, 2022.
In today’s employment environment, it is more important than ever for employers to provide incentives to retain employees. One such benefit can be found in retirement plan offerings. There are several types of retirement plan options available to small businesses. While the same plan is not necessarily perfect for every company – the size and ownership structure of the company can help inform business owners’ decision as to which plan to offer.
While I remain confident that the U.S. equity market will eventually outperform in 2021 there will almost certainly be a greater degree of volatility in the second half of the year. With the double-edge sword that is vaccinations and the Delta Covid variant, economic restrictions are likely to lead to a slowdown in global growth.
A Fiduciary duty can be found in many professions however, within the context of investment advisors the duty begins and ends with loyalty and care.
The duty of loyalty is the obligation to always serve the clients’ best interest as well as the mitigating any conflicts of interest.
Most of the lessons we have learned as Advisors is how we turn communication into actionable and successful plans to reach your goals. How we utilize resources for your benefit and the process that takes place, provides us with insight on how to best serve you, our clients. Financial Advising is both an Art and a Science.
Fed Chair Powell gave some interesting remarks at yesterdays (3/16/21) meeting. Taking a deep dive into his comments we can glean some pretty important thoughts on monetary policy and the market conditions looking forward.
Eligibility for the $1,400 (per person) stimulus check will be based on your reported income from either your 2019 or 2020 (if filed) tax return. Individuals will be eligible if they have an AGI of $75,000 or less and Married couples with an AGI of $150,000 or less. The income cap is $80,000 and $160,000 respectively. Many people have already received their stimulus payment or will within the coming weeks. You may still use the “Get my payment” tool on IRS.gov to find out specific details regarding your payment.
If you have reached age 70½ and are evaluating charitable giving options, you may consider making a charitable donation directly from your IRA.
Contributions made directly from your IRA to a charity reduce the taxable portion of your IRA distributions and count toward your annual required minimum distribution (RMD).