Tag Archives: Retirement Planning

Avoid Five Common Mistakes in Your 401(K) Plan

  Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan, avoid these five common mistakes.  Our Bergen County CPA office offers you insight to this. * Failing to participate fully. Too many employees opt out of the plan or don’t contribute as… (more…)

Fund an IRA with Your Child’s Summer Job

If your child has a job this summer, encourage him or her to set up an IRA.  Our Bergen County CPA office offers you insight to this. The amount that can be contributed is $5,500 of the child’s earnings, whichever is less.  If you wish, you can even provide the cash for the IRA and let your child spend his… (more…)