posts by Clint - 2/3 - Beacon Hill Investment Advisory, LLC

Tax Form Status Update

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Here are some forms you should expect to see related to your investment accounts: Form 1099-R (reporting IRA distributions), 5498 (reporting contributions, rollovers and conversion rollovers made prior to 1/01/2013, fair market value, and Required Minimum Distribution (RMD)), and Form 1099-Q (reporting Coverdell ESA distributions) are mailed by Jan. 31. Composite 1099s are mailed by Feb. 15. …

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401(k) Corner: LAST DISCLOSURE FOR 404(a)!

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At this point you’ve already conducted and disseminated your participant disclosures for your 401(k)/403(b) Plan that were required under ERISA section 404(a) (general information and a comparative chart of any Designated Investment Alternatives).  This quarter, “participants must receive statement… showing the dollar amount of the plan-related fees and expenses (whether “administrative” or “individual”) actually charged …

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401(k) Corner: Roth 401(k)…is it right for you?

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While taxes are fresh on your mind, now might be the best time to review whether you should contribute to your 401(k) with pre-tax or after-tax money.   Contributions that are put back before-taxes are the Traditional 401(k), while those that are put back after-taxes are the Roth 401(k). Your tax planner can help you in …

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2012: New Fee Disclosure rules may surprise Employees and Employers alike

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Many small business owners and employees are too busy to focus on their retirement plans, but it will be interesting to see how many notice when new fee disclosure rules come into place in 2012.  Business owners and HR practitioners should realize that they have the responsibility for compiling and disclosing fees to employees.  For …

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The Market votes against the Greek Referendum

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The Market votes against the Greek Referendum Why Greek PM Papandreou would call for a referendum on the recent bailout has certainly confused the markets and this author.  One could guess it is to get a better grip on his flagging power base; however, it appears to have already backfired as his fellow lawmakers, including …

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