Tag: 401K

2017 vs. 2018 Savers Tax Credit and Income Limits to Help Workers Save for Retirement

[Updated with 2018 details per the IRS] The savers credit helps middle to lower income earners save for retirement by providing an offset to retirement plan (401k and IRA) contributions…. Read more »

Roth 401k Conversions and IRA Charitable Contributions Reinstated With 2013 Fiscal Cliff Deal

With a deal to avert the fiscal cliff reached and legislated under the American Taxpayer Relief Act (ATRA) of 2012, a couple of significant employer sponsored retirement plan features have reappeared… Read more »

$500 Increase in 2013 401k and IRA Contribution Limits Makes a Real Difference at Retirement

The IRS has provided a $500 increase in tax deductible 2013 401(k) and IRA contribution maximums. Employer sponsored 401k plan contribution maximums have risen from $17,000 to $17,500. IRA limits have risen to $5,500 from… Read more »

2013 401k, IRA, SEP and Simple IRA Retirement Plan Contribution and Income Limits

The IRS has published 2013 retirement plan limits following the release of Cost of Living Adjustment (COLA) figures for next year.  This was the second consecutive year of increases to… Read more »

Protect Your Retirement Savings Through These 4 Diversification Strategies

With ongoing volatility across global markets and an uncertain future in terms of taxes, regulations and government safety nets such as social security; diversification is key in managing the risk… Read more »

2012 vs. 2013 IRA Maximum Contribution, Income and Deduction Limits Factoring in Employer Coverage Restrictions

I’ve written a fair bit on tax-advantaged individual retirement plans, but still keep getting lots of questions on this topic. This is likely due to two main factors. One, thanks… Read more »

Can I Make 401K or IRA to Roth IRA Conversions in 2012 and 2013? What Are The New Rules and Income Limits

[2013 Update] With a deal to avert the fiscal cliff reached and legislated under the American Taxpayer Relief Act (ATRA) of 2012, a couple of significant employer sponsored retirement plan… Read more »