401(k) *  IRC plans


401k plans are the most popular type of retirement plan used today. They can be a powerful tool in promoting financial security in retirement and are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.

If you are retiring or laid off… Check with us on the options to Roll Over you current 401K or Pension Plan.  Check out our annuities & IRA’s

For a limited time, due to Corona Virus Pandemic Americans will be able to withdraw money from tax-deferred accounts without penalties under a stimulus package signed into law Friday by President Trump. Rules on 401(k) loans will be relaxed, and some retirees can avoid so-called required minimum distribution, or RMD, rules that might have been onerous. Fortune.com 

Contributions – Deductible

  • Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances; and
  • Generally, amounts in your IRA (including earnings and gains) aren’t taxed until distributed. In some cases, amounts aren’t taxed at all if distributed according to the rules.  IRS.gov Publication 590 * 

See Publication 560 for Small Biz Retirement plans

Covered CA MAGI Income – Contributions & Retirement Income

Links & Resources


Department of Labor Website on 401 K   IRS Publication 4222,  401(k) Plans for Small Businesses

IRS – Retirement Plans for Small Biz   8 Pages

IRS Publication 560 Retirement Plan for Small Business   26 Pages  Online Version

401 K – FAQ’s

If you ever worked for a company or put money into a plan, but do not remember where it is, etc. try these ideas to locate your missing retirement funds.

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