D’Arcangelo Blog

Overlooked Investment Options

The second-best investment you can make is paying off high interest rate debt. That could come after you’ve contributed enough to your 401(k) to get a full match from your employer. What should come next? If you have no expensive debt to pay down and you’re getting the full employer match, where should you directContinue reading →

Wealth Management: The Rebalancing Act

Investors may put together their own asset allocation, or they might work with an investment professional. Either way, the challenge is to maintain the desired allocation through the ups and downs of the financial markets. The answer generally recommended by financial advisors is to rebalance periodically. Studies indicate that savvy asset allocation may lead toContinue reading →

Solo 401(k) Plans

Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and Uni-k, are available. For some business owners and self-employed individuals, Solo 401(k)s may offer a chance to save more for retirement with taxContinue reading →

Dealing With An IRS Audit

It’s important to know what to expect if you are audited. Furthermore, understanding your options may help you proactively address the risk and to assess how to administer benefit plans to your employees. Traditional defined benefit plans, structured to provide a lifelong pension, have become rare in the private sector. They’re still the norm forContinue reading →

Thinking of Buying a Vacation Home?

Though winter managed to hit us with one last, dizzying storm Stella, many of us were inside earlier this month dreaming of summer. Many people are planning vacations now for later this year.  At this time, you might be weighing the purchase of a second home specifically for vacations. Here are some of the issuesContinue reading →

How Does An ESOP Work As A Retirement Plan?

ESOP – Employee Stock Ownership Plans.  As the title indicates, an ESOP is a process for transferring ownership of the company to employees. How does that work as a retirement plan? In some ways, an ESOP is similar to a profit-sharing plan (see the CPA Client Bulletin, January 2017), in which the company makes cashContinue reading →

After-Tax Dollars in Traditional IRAs

Workers under age 70½ can deduct contributions to a traditional IRA, as long as they are not covered by an employer’s retirement plan. The same is true for those workers’ spouses. If these taxpayers are covered by an employer plan, they may or may not be able to deduct IRA contributions, depending on the taxpayer’s income.Continue reading →

Expensive Custodial Care Alternatives

If you or a loved one ever need help with daily living activities, you will discover that custodial care can be expensive. That’s true whether the care is provided at home, in an assisted living facility, or in a nursing home, and it’s especially true if care is needed for many years. Long-term care (LTC) insuranceContinue reading →

Is a Pension Plan Right for Your Small Business?

Traditionally defined benefit plans, structured to provide a lifelong pension, have become rare in the private sector. They’re still the norm for public sector employers; some large companies continue to offer plans. Ironically, these plans might be a good fit for extremely small companies. A possible prospect could be a business or professional practice withContinue reading →

Be Cautious With Hard-To-Value IRAs

A new year begins with celebrations, resolutions, and dual IRA opportunities. Most workers and their spouses have until April 18, 2017 (April 19 in some states), to contribute to an IRA for 2016. At the same time, contributions to 2017 IRAs are now permitted; the earlier money goes into the account, the more time forContinue reading →