Month: December 2014

Top Four Year-End IRA Reminders

Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know. Here are the top four reminders on IRAs from…

What to do with your required minimum distribution

Have you already withdrawn the annual “like-it-or-not, need-it-or-not” distribution from your traditional IRA? If you haven’t, keep in mind you’re required to take minimum withdrawals annually once you reach age 70½, and December 31 is the deadline for avoiding penalties.…

Set your salary at a reasonable level

Compensation is a subject that never goes out of style. For owners of subchapter S corporations, the focus is typically on the definition of “reasonable” compensation. Since no specific authoritative guidelines exist, the determination comes down to facts and circumstances.…