Author: sdgaccountants

A 403(b) plan, commonly known as a Tax-Sheltered Annuity (TSA) plan, is a type of retirement savings plan. A 403(b) plan is similar to a 401(k) plan, but it is... Read More

Traditional 401(k)s and Roth 401(k)s, also known as “designated Roth accounts,” are the two most common types of 401(k) accounts. Traditional and Roth 401(k)s are similar in many ways, but... Read More

Moving on to how the rules changed in 2020, the SECURE Act only made two main changes. The first change is that inherited IRA account owners will no longer be... Read More

FBAR stands for Report of Foreign Bank and Financial Accounts. It is a filing requirement for certain U.S. persons that meet two specific criterions. The first one is that they... Read More