Tag: 401K

When Can I Make Catch-Up Contributions to 401K, IRA, 403b and SIMPLE IRA Retirement Plans

[Updated with 2018 limits] Catch-up contributions allow people who feel that they do not have enough of a nest egg to make higher retirement plan contributions as they approach retirement. If… Read more »

Choices for Your 401(k) Retirement Plan When You Leave or Change Your Job Including an IRA Rollover

For those who have money stashed away in an employer sponsored 401(k) retirement account, there are a number of options they can take with those funds when they move on… Read more »

How You Can Get a 14% Effective Tax Rate Like Mitt Romney and Other Super-Rich Americans

GOP presidential candidate Mitt Romney and his wife paid a 14% effective income tax rate in 2010 on nearly $22 million of income. Given the marginal federal income tax rate… Read more »

Average 401k and IRA Balances and Returns Up in 2012

[2012 returns and balances update] Fidelity Investments, the nation’s largest employer sponsored 401(k) administrator, recently published its 2012 statistics covering 20,200 401(k) plans with 12 million participants, showing that the average 401(k) balance was… Read more »

Using the Savers Tax Credit To Offset IRA and 401(k) Retirement Plan Contributions – 2012 vs. 2013 Income and Contribution Levels

See this article for the latest Saver’s tax credit details and updated annual thresholds. ____ [Updated with 2012 and 2013 information] Despite tough economic times, you should not lose sight… Read more »

2017 Maximum Employee and Employer 401k Contribution Limits and Catch-up Amounts

[Updated for 2017] I recently received a few questions regarding 401k retirement plans and contribution limits. The first thing to understand is that there are two main types of contributions… Read more »

2012 401K, IRA and Roth IRA Contribution and Income Deduction Limits

[Updated with 2012 details] 2012 tax advantaged retirement plan contribution limits have officially been released by the IRS, with slight increases over 2011 limits; due mainly to cost of living… Read more »

Small Business Retirement Plans – 401k, SEP IRA, Simple IRA and ESOP plans – 2017 vs. 2018 Contribution Limits

Although many large organizations offer retirement savings plans, it is not necessary to be a part of corporate America in order to take advantage of tax-deductible retirement plans for investing in your… Read more »

IRA, 401k and Social Security Withdrawal Rules, Retirement Ages and Eligibility Criteria

Many people are confused when it comes to what the official retirement age(s) are. Which is unfortunate, because this is key for figuring when you can access your retirement savings… Read more »