Are you a W2 or 1099 Contractor and have a 401K Plan in United States ? Are you planning on moving back to India? Are you wondering what can you do with your 401K plan in case you move back to India. In this short video segment Sanjiv Gupta CPA will explain how can you [...]
The 401(k) fund is undergoing a few changes that are bound to affect almost everyone in its coverage. As such, if you are planning to fund your retirement using the 401(k) accounts, it is about time that you took a keen interest in the changes that are in the offing. Of course, the largest change [...]
Sanjiv Gupta CPA briefly explains the IRA and 401K plans. He explains how 401K plan can help a small business owner. He also explains the difference between 401K plan and Roth IRA. Want to learn which one is better for you ? Watch this 5 minute video to get your quick answer.
How Much Are You Paying For Your 401(k) Plan? Have you ever wondered “How much are you paying for your 401(k)?” There is a good chance that your HR has not discussed this particular figure with you but starting Aug. 30, that will change. In unprecedented policy change, the U.S. Department of Labor will require employers or administrators of [...]
Good news – you can set aside up to $17,000 in total in various kinds of employer sponsored plans. Please note this individual limit is the maximum amount a person can electivly save as deferred salary inside section 401(k), 403(b) or 457 plan. Senior citizens and individuals age 50 years old or older can also [...]