Amendment and restatement time for 401(k) is here

The clock is ticking. Between now and April 30, 2016, 100 percent of 401(k) plans, profit sharing plans and other tax-qualified plans that use an IRS-approved prototype plan document must be amended and restated.

If this doesn’t occur by the above deadline, these retirement plans risk losing their tax-qualified status and the corresponding tax advantages they offer to plan participants. Any... Read More

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How to buy home by refinancing another
By Scott Sheldon

An important home buying hurdle you’ll need to clear is the relationship between the proposed new housing payment and current liabilities against your monthly pre-tax income.

The payment to income ratio on debts, including... Read More