As a participant in a qualified plan or the owner of an IRA you have many options in naming a beneficiary upon your death. Most often we think of our families – our spouses and/or children as the natural beneficiaries of our retirement assets. And much can be said in favor of naming your spouseContinue reading “Naming a Trust as Beneficiary of an IRA or Qualified Retirement Plan”
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Maximum Total Deductible Contribution to Both Defined Benefit and Profit Sharing/401(k) Plans
Generally, employers that adopt both a defined benefit plan and a defined contribution plan (including a profit sharing plan with or without 401(k) salary deferral contribution features) are able to make the maximum contribution to both plans. However, that’s not always true. In some cases, there is a lower maximum deduction that may be applicableContinue reading “Maximum Total Deductible Contribution to Both Defined Benefit and Profit Sharing/401(k) Plans”
Married Same-Sex Spouses and Qualified Retirement Plans IRS Notice 2014-19
In Notice 2014-19, the Internal Revenue Service provided guidance to clarify the retroactive implications of the U.S. Supreme Court’s decision in United States v. Windsor and Rev. Rul. 2013-17 regarding qualified retirement plans for married same-sex couples. The Notice generally requires qualified retirement plans to be administered in accordance with the Windsor decision decided onContinue reading “Married Same-Sex Spouses and Qualified Retirement Plans IRS Notice 2014-19”
Issues With Defined Contribution Plans That Have Less Than $250,000 in Plan Assets
Small plans are plans that have less than $250,000 in assets and have been recently implemented. The Internal Revenue Service (IRS) issued a report in late 2013 after an examination of approximately fifty Form 5500 returns of defined contribution plans with: assets valued between $100,000 and $250,000; a plan effective date of January 1, 1997Continue reading “Issues With Defined Contribution Plans That Have Less Than $250,000 in Plan Assets”
Inherited IRAs are Not Protected in Bankruptcy as “Retirement Funds”
On June 12, 2014, the U.S. Supreme Court decided the case of Clark v. Rameker. The Court held that Inherited IRA’s were not “retirement funds” and therefore, not protected assets in bankruptcy. Background The petitioners in the case had filed for Chapter 7 bankruptcy and were seeking to exclude approximately $300,000 from the bankruptcy estateContinue reading “Inherited IRAs are Not Protected in Bankruptcy as “Retirement Funds””
CPA Seminar serving business owners
My financial service office in San Ramon is a CE Service provider to the bay area CPA community. We provide weekly seminars/webinar for CPAs in the bay area. Contact Connie Dello Buono motherhealth@gmail.com to get dates and times or call 408-854-1883 Business succession issues. Estate planning techniques. CPA helping business owners deal with things thatContinue reading “CPA Seminar serving business owners”
Asset Protection Introduction For Small Business Owners
Asset Protection Introduction For Small Business Owners
This article is intended for every small business owner/entrepreneur who left behind Corporate America for the opportunity and dream of starting their own business. This entrepreneurial spirit is what made this country what it is today. However, this dream could be shattered very quickly without taking into consideration adequate asset protection plan. The notes belowContinue reading “Asset Protection Introduction For Small Business Owners”
Financial strategy keeps business owners in the black
Financial strategy keeps business owners in the black
Now that I am working with a team of financial advisors and experts, I learn more each day. Financial strategies can keep a business with less expenses, adding more money in their pocket and doctors with less income taxes. Financial strategies can help a new home owner be at peace with the mortgage. For theContinue reading “Financial strategy keeps business owners in the black”
Oct 10, pre Halloween dance celebration at cherylburkedance in Mt View
Oct 10, pre Halloween dance celebration at cherylburkedance in Mt View
Dear Friends, You are invited on Friday, Oct 10 at cherylburkedance.com to have an early Halloween celebration. Dance lessons start at 7pm but do come early at 5pm for social mixer. Masks are optional. Rasa Vitalia, belly dancer is invited for a special, creative and exotic performance as sponsored by Connie Dello Buono, Financial Planner. ShareContinue reading “Oct 10, pre Halloween dance celebration at cherylburkedance in Mt View”
Stay at home parents coupons, freebies and income in one online business
Stay at home parents coupons, freebies and income in one online business
There are many tricks that stay at home parents do to calm children from essential oils, chocolate chip cookies, play dates in parks, driving to put them to sleep, afternoon naps and many more. While caring for their children, parents have to find ways to save on things they already buy. Gone are the couponsContinue reading “Stay at home parents coupons, freebies and income in one online business”