January 2017 Newsletter
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Be Cautious With Hard-to-Value IRAs
A new year begins with celebrations, resolutions, and dual IRA opportunities. Most workers have until April 18, 2017 (April 19 in some states), to contribute to an IRA for 2016. At the same time, contributions to 2017 IRAs are now permitted; the earlier money goes into the account, the more time for tax-deferred investment buildup. While you consider IRA contributions, you should also take this time to review IRA investments.
The “Other” Exchange-Traded Funds
Exchange-traded funds (ETFs) have become popular, due largely to relatively low expenses and tax efficiency. As the name indicates, ETFs trade like stocks, on an exchange, as opposed to mutual funds, which typically are bought from and sold to the sponsoring company. Learn more in this month’s newsletter.
Profit-Sharing Plans for Your Small Business
Business owners who want to sponsor a retirement plan for employees (including owner-employees) have many options from which to choose. Knowing the basics can help entrepreneurs make an astute decision. One choice is a profit-sharing plan. Despite its name, your company needn’t tabulate its earnings every year and divide that amount among its workers. Instead, the term indicates a plan in which contributions to employees’ retirement accounts are made by the employer. Therefore, a profit-sharing plan may help your company to attract, motivate, and retain valued employees. These plans are flexible, so employers can contribute more in good years and less (or nothing at all) when business is slow.
Tax Calendar
Use this handy tax calendar for January and February’s upcoming 2017 taxes due.