401(k) Archives - Cowen Tax Advisory Group

5 Financial Moves to Make Before the End of 2022

November 9th, 2022

With the end of 2022 on the horizon, it’s important to remember that financially, we are living in uncertain times with inflation, volatility and unpredictability. It’s more important than ever to be fiscally cautious, aware and responsible by saving, reducing taxes, reviewing investment allocations and planning for 2023. Here are 5 key financial steps to …

Continue reading “5 Financial Moves to Make Before the End of 2022”

2021 RMDs: What You Need to Know

August 13th, 2021

Anyone approaching age 72 or older, with a qualified retirement plan, needs to know about RMDs. An RMD is a Required Minimum Distribution, a forced withdrawal from a qualified retirement account with funds that have never been taxed. Examples of these accounts include IRAs, 401(k)s, 403(b)s, or SEP IRAs. RMDs were subject to different rules …

Continue reading “2021 RMDs: What You Need to Know”

Do It Yourself Year-End Tax Planning Tips

December 18th, 2020

In a year which many thought would never end, miraculously we have found ourselves in December. Before the clock strikes midnight on New Year’s Eve, there are some easy steps to take on your own to prepare yourself for the upcoming Tax Season. While we highly recommend turning to trusted tax professionals for your tax …

Continue reading “Do It Yourself Year-End Tax Planning Tips”

4 Financial Benefits to Be Grateful For

November 14th, 2019

Want to strengthen your relationships, improve your physical health, and relieve stress? The answer, according to several scientific studies, might be gratitude. Believe it or not, gratitude can also positively impact your finances—and not just because it’s free. Gratitude draws our attention to the parts of our financial lives that are overlooked, underutilized, or ignored. …

Continue reading “4 Financial Benefits to Be Grateful For”

Four Money Moves to Make This Fall

October 23rd, 2019

1. Max Out Your Contributions There’s still time to max out the contributions on your retirement account. Making the maximum contribution to your IRA or 401(k) boosts savings and reduces your taxable income. In 2019, contribution limits increased to $19,000 for 401(k)s and $6,000 for IRAs and Roth IRAs. If you’re over 50, you can …

Continue reading “Four Money Moves to Make This Fall”

How to Leave the Labor Force Forever

September 24th, 2019

One in four Americans say they will never retire, according to a recent poll from the Associated Press-NORC Center. Their number one motivator? Money–or lack thereof. However, we know that most older workers will need to stop working at some point due to injury, illness, layoffs, or family responsibilities, and they’ll need a solid retirement …

Continue reading “How to Leave the Labor Force Forever”

Four Steps to 401(K) Millionaire

July 6th, 2018

2018: the year of tax reform, market volatility, and tariffs is now also the year of millionaires. A recent Fidelity Investments report found that a record-breaking 157,000 Fidelity 401(k) savings accounts now have balances at or above the $1 million mark—49,000 more than claimed millionaire status in 2017. For a growing number of Americans, a …

Continue reading “Four Steps to 401(K) Millionaire”

Tag: 401(k)

5 Financial Moves to Make Before the End of 2022

2021 RMDs: What You Need to Know

Do It Yourself Year-End Tax Planning Tips

4 Financial Benefits to Be Grateful For

Four Money Moves to Make This Fall

How to Leave the Labor Force Forever

Four Steps to 401(K) Millionaire

Recent Posts

Categories

Request Your Consultation

Schedule Your Consultation