Archive | April, 2016

A Plan Sponsor Checklist

Once a retirement savings plan has been approved and is in place, it’s tempting for a plan sponsor to sit back and adopt an “I’m done,” hands-off attitude. However, to ensure that a plan continues to operate effectively, employers should periodically review plan provisions and features. Here is a brief checklist of key points to […]

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Maintain a Good Credit Rating

Today’s American way of financial life relies on debt as a way of solidifying a desired lifestyle. Therefore, it is important to establish a good credit history if you intend on making more substantial, debt-financed purchases in the future. Credit reporting agencies, also known as credit bureaus, gather detailed information about how consumers use credit. […]

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Make the Most of Your 401(k)

As more Americans shoulder the responsibility of funding their own retirement, many rely increasingly on their 401(k) retirement plans to provide the means to pursue their investment goals. That’s because 401(k) plans offer a variety of attractive features that make investing for the future easy and potentially profitable. What is a 401(k) plan? A 401(k) […]

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Washington Hotline – April 5, 2016

WASHINGTON NEWS IRS Charitable Contribution Tips In IR-2016-50 the IRS reminded taxpayers to follow appropriate charitable contribution guidelines. 1. Records – For gifts of $250 or more, you need a contemporaneous written acknowledgement. Most donors will call this a receipt. It usually states that “No goods or services were provided in exchange for the gift.” […]

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