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New CCH Resource Provides Professionals with Guidance on Retirement Plans for Individuals and Small Businesses
(RIVERWOODS, ILL., December 28, 2005) – Individuals and small business owners have a variety of retirement planning options from which to choose, and each arrangement has its own set of rules, as well as its own advantages and disadvantages. Now, CCH offers a valuable new resource: Retirement Plans for Individuals and Small Business to help professionals advise clients in choosing the right retirement vehicle, setting up and maintaining the plan, and complying with the law (608 pages, $99.25). CCH is a leading provider of tax, pension and human resources information and software, and is part of the Wolters Kluwer Law & Business group (hr.cch.com).
Written by CCH pension law experts Nicholas Kaster, JD and Glenn Sulzer, JD, the new book offers CCH’s trusted analysis, practical examples and planning pointers. Retirement Plans for Individuals and Small Business also contains the full text of relevant provisions of the Internal Revenue Code, IRS regulations, rulings and official forms that are needed to comply with the various tax rules.
“When selecting a retirement vehicle, individuals and small businesses are faced with a wide range of choices and a good deal of complexity,” noted CCH Product Manager Brian Hodge.
For example, individuals can choose a Roth or traditional IRA and small business owners can incorporate such arrangements into a plan for their employees. Small business owners or sole proprietors can establish a Simplified Employee Pension (SEP), which may be maintained in conjunction with an IRA, or they can start a SIMPLE IRA or SIMPLE 401(k) plan, which can provide superior tax advantages. High-income small business owners may establish qualified defined benefit or defined contribution plans, often referred to as Keogh plans, which provide the greatest tax benefits but also carry the most administrative complexity.
“Retirement Plans for Individuals and Small Business is useful for both the novice and seasoned professional to help cut through the numerous options and related complexities to get to the right retirement arrangement for their client,” said Hodge.
Benefits and Features
Retirement Plans for Individuals and Small Business deals with IRAs in detail, including:
- How to establish a Roth and traditional IRA, the rules for contributing to and taking distributions for a Roth and traditional IRA;
- Consequences of converting a traditional IRA to a Roth IRA;
- Interaction of IRAs with other types of plans;
- Concise explanation of the rules for establishing and maintaining SIMPLE IRAs and simplified employee pensions (SEPs);
- Two types of employer-sponsored plans that utilize the IRA vehicle to fund benefits;
- Outline of the special requirements for SIMPLE 401(k) plans;
- Overview of qualified plans available to individuals and small businesses, including one-person 401(k) plans, that explains the tax benefits, complexity and administrative costs; and
- Advice on making the right choice of plan and avoiding pitfalls in setting up and maintaining plans.
For more information or to order Retirement Plans for Individuals and Small Business, call 800-248-3248 or visit the CCH Online Store at onlinestore.cch.com. Retirement Plans for Individuals and Small Business is 608 pages, and priced at $99.25, plus tax, shipping and handling. Quantity discounts are available.
CCH is a leading provider of tax, pension, employment law and human resources information and software (hr.cch.com). Headquartered in Riverwoods, Ill., CCH was founded in 1913 and has served more than four generations of business professionals and their clients. CCH is part of the Wolters Kluwer Law & Business unit.
Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands (www.wolterskluwer.com). Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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