…access to an employer-sponsored healthcare plan or a spouse’s plan, waiting at least until age 65 until they are eligible for Medicare can be beneficial. Alternative options include COBRA and private insurance, but both typically come with a higher cost. Social Security is always an…
…if so, who can make them and what limits (IRS and/or employer-imposed) may apply. And when I say, testy, I mean, after-tax contributions are included in several key IRS compliance tests that apply to 401(k) plans, including the actual contribution percentage (ACP) test, the annual…
…include in a plan. In addition the course illustrates the various types and features of qualified plans including employer eligibility, plan establishment, contributions/benefits, and vesting. The course also demonstrates the maximum contribution limits available for the various types of qualified plans. *Disclaimer: This recording is…
…indexed for inflation and applies to prior year compensation paid by the employer sponsoring the plan. That threshold is based on FICA wages. Consequently, individuals with no FICA wages (e.g., sole proprietors and partners) could continue to make pre-tax catch-up contributions regardless of their earned…
…include in a plan. In addition the course illustrates the various types and features of qualified plans including employer eligibility, plan establishment, contributions/benefits, and vesting. The course also demonstrates the maximum contribution limits available for the various types of qualified plans. *Disclaimer: This recording is…