August 26, 2022

Form 5500-EZ | How To Fill It Out For Your Solo 401k
Form 5500-EZ | How To Fill It Out For Your Solo 401k

The IRS requires Solo 401k plan owners with more than $250,000 in their plan to file a Form 5500-EZ every year. The form satisfies annual reporting and filing obligations set by the IRS. It’s another “to-do” for already busy self-employed people. Thankfully, the “EZ” in the form name indicates the difficulty of filing this form.…

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Get the Most Out of Your 401K Contributions with a 401K True Up —
Get the Most Out of Your 401K Contributions with a 401K True Up —

401ks are a great way to save. Investing in a 401k lowers employees’ income taxes, creating a retirement nest egg. However, it can be challenging to ensure you receive the maximum matching funds from your employer.  Companies use True Ups to reconcile the matching funds an employee receives with the matching funds they are owed. …

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401K Withdrawal for Education | College Coach Blog

by Shannon Vasconcelos, former financial aid officer at Tufts University Parents are increasingly sacrificing their own retirements in favor of their children’s educations. As discussed in the Boston Globe, three-quarters of parents report a willingness to delay retirement in order to pay for college, and, in fact, by 2024 nearly a quarter of those over age 65…

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