Tag: Ed
25 posts tagged as "Ed"
Mar 16, 2021
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
Now that we’re deep into the “dog days” of tax season, this is a time when many business owners are intently seeking ways to limit their tax burden and/or searching for opportunities to increase retirement savings. Employer-sponsored retirement plans represent a great way to accomplish both of those goals simultaneously. Additionally, the Setting Every Community Up for Retirement Enhancement (SECURE) Act,
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Feb 16, 2021
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
As we enter yet another tax season, it may evoke the age-old question for many, “Should I file my taxes early, or wait until the deadline?” As with many quandaries, there is no simple answer to this question, as it depends on each person’s unique tax circumstances, and perhaps also individual personality traits. Are you the type of person who likes to get things done ahead of time,
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Dec 8, 2020
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
I’m not sure anyone would disagree that the past 12 months have been stressful and a whirlwind, but they’ve also been eventful. This has been particularly true with all the recent regulatory changes impacting retirement plan accounts. In fact, the last 12 months have brought some of the most significant changes to retirement plan law in more than a decade.
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Oct 8, 2020
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
As we get closer to Halloween, it’s natural to think about the things that scare us. For many, it’s something very specific like spiders, ghosts or even clowns! For others, it’s simply the fear of the unknown. And for those that are planning for and nearing retirement, ensuring that the correct preparation and steps are in place to meet their retirement goals can be a downright frightening thought.
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Sep 11, 2020
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
Addressing the Retirement Savings Gap Remains a Focus of National 401(k) Day
The month of September is often connected with the celebration of Labor Day, a holiday to honor and recognize the American labor movement and the contributions of laborers to the development of the United States. But over the past several decades, September has also included the celebration of National 401(k) Day which is scheduled for September 11 and is designed to promote retirement savings education.
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Aug 6, 2020
By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans
The COVID-19 pandemic and the corresponding economic downturn has caused many employers to make some tough financial decisions in meeting their operational and payroll obligations. As employers continue to look for cost-cutting strategies, many have contemplated the reduction or suspension of employer contributions to their 401(k) or 403(b) plans. The process of suspending or reducing employer contributions to retirement programs can be particularly challenging for employers sponsoring a safe harbor 401(k) or 403(b) plan.
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Mar 24, 2020
By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans
As a parent of children, teenagers or young adults, you’re often able to share some wonderful and memorable experiences together. It’s one of the great perks of being a parent! Additionally, some of the financial perks of being a parent or having dependents can become apparent during tax time. The Tax Cuts and Jobs Act (TCJA), which became effective on January 1,
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Mar 10, 2020
By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans
Tax season is a time when business owners often are juggling multiple priorities, seeking approaches for potentially reducing tax liability, while also looking for opportunities to increase retirement savings. For business owners looking for 2019 tax deductions, along with a way to jump start retirement savings, the SEP IRA is the only employer-sponsored retirement plan that can be both established and funded after the 2019 calendar year.
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Feb 11, 2020
By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans
As the tax deadline approaches, you may be trying to determine the best time to file your taxes. Should I focus my attention on it now or relax and wait until it gets closer to April 15th? It probably comes as no surprise to you that there is no simple answer to this common tax season quandary.
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Jan 21, 2020
By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans
Now that we’ve had a chance to ring in the beginning of a new year, and new decade, many are starting to turn their attention to important new year resolutions, such as focusing on approaches for managing your money more responsibly and effectively. Although this may sound simplistic, for many, the ability to commit to a disciplined savings plan can be a challenge requiring both commitment and a clear strategy.
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