Tag: retirement

2018 401k and 403b Plan Contribution Limits Could Drop Precipitously Under Trump-Republican Tax Reform

401K and 403b limits have held steady or moderately increased over the last few years with more and more Americans using these tax advantaged employer sponsored vehicles to save for… Read more »

2018 vs 2017 Roth IRA Contribution and Income Limits plus Conversion Rollover Rules

[Updated with 2018 Roth IRA limits] The latest income phase out ranges for the deductibility of Roth IRA contributions are shown in the table below. You may be able to contribute to… Read more »

2017 COLA Increase Will Result in a Tax Hike For Over 12 Million American Workers

[2017 COLA update] Its been a few years with relatively minor COLA (cost-of-living-adjustment) increases but even with the marginal 2017 COLA increase of 0.3%, over 12 million Americans will pay higher taxes in 2017… Read more »

2017 vs 2018 Traditional IRA versus Roth IRA – Contribution and Phase-out Income Limits

I regularly receive reader questions asking me to clarify the difference between a Roth IRA and Traditional IRA plan. Both are excellent retirement investment vehicles, but based on your income and tax… Read more »

2017 vs 2018 401k, 403b, 457 and TSP Contribution Limits and Catch-up Amounts

[Updated with the latest 2018 contribution limits] The IRS has released updated employer sponsored retirement plan limits, which covers 401(k), 403(b), 457 and Government Thrift Savings (TSP) plans. The annual contribution limit, which… Read more »