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Understanding NYC’s 401(k) Rules for Startups: A Guide for Small Employers

Shay CPA

For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talentit may also be required by law. What are my responsibilities as an employer? Are there any tax benefits for setting up a plan?

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Taxes on retirement income: Help for accountants advising clients

ThomsonReuters

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Delaying benefits can result in higher monthly payments, which can be advantageous for tax planning. Prioritize estate planning. Convert to a Roth IRA.

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