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Showing content with the highest reputation on 10/30/2020 in Posts
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Acquisition
Luke Bailey and one other reacted to shERPA for a topic
This is way beyond free general advice apropos an internet message board. They need to engage professionals to do the analysis. When it comes to taxation, retirement plans and M&A, nothing works independently, there are always "other considerations", and they are specific to the situation. Just my opinion.2 points -
I don't agree that a short year means $0 income because it is earned on 12/31. There is P&L for that period. If for some reason instead of a short plan year the owner had a short tax year, there would be income for the short period. It is just unknown without going through all the calculations. My two cents1 point
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Stable Value Fund or Money Market Account
acm_acm reacted to Luke Bailey for a topic
The plan may, in various instances (terminating participant, participant undergoing divorce or other personal change, plan termination, global pandemic that gets even worse) need a short-term, highly liquid investment, so probably imprudent not to include as an option, but prudence is based on facts and circumstances.1 point -
Solo 401K contribution limit per family
Bill Presson reacted to RatherBeGolfing for a topic
https://www.tdameritrade.com/retirement-planning/small-business/individual-401k.page TDA calls it a "complete individual 401(k) Kit" with an adoption agreement, BPD, and application for investment account. @Blue_Sky does that sound like what you collected and filled out?1 point -
Owner compensation in short plan year
C. B. Zeller reacted to Belgarath for a topic
Here's the thread. https://benefitslink.com/boards/index.php?/topic/66365-owner-comp-mid-year-plan-termination/1 point
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