pension

2016 and 2017 SEP IRA Contribution Limits and Eligibility Rules

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[Updated for 2016 and 2017 limits]  A year or so after starting my small business and completing my first annual tax return that showed a slight profit, my accountant advised that I start looking into a retirement account/plan for my business in order to lower my overall tax bill and also effectively set aside some […]

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Should I Take My Pension Payout as an Annuity or Lump Sum Rollover into an IRA

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Article summary: Should I take my pension as an annuity in retirement where I receive monthly payments or take a lump sum that I rollover into an IRA account and manage the investments myself? Answer : It depends on whether you can invest the money better than the returns you would get from your unadjusted […]

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