Tag: Roth IRA

2013 Tax Rates and Brackets, Standard Deduction and Personal Exemptions Updated in Federal IRS Tax Table

[Updated with 2013 IRS inflation adjusted tax brackets and fiscal cliff changes] Congress and the Obama administration’s fiscal cliff deal (ATRA act) means that 2013 federal tax rates will remain fixed for nearly… Read more »

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 »

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 »

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 »

401k, 403b, IRA Contribution and Income Limit Changes from Officially Released by IRS

[Update] You can now see the most up-to-date 401K/403b, IRA and Roth IRA limits here _____________________ The IRS has released the latest 401k, 403b, IRA and other retirement/thrift plan contribution and income limits…. Read more »

Over Contributed to Your 401k, IRA or Roth IRA? Correct Excess Contributions To Avoid a Tax Penalty

The article below shows what options you have if you mistakenly over contributed to your employer 401k plan or IRA. Over Contributed to Employer Sponsored 401(k) Plan Firstly, congratulations on having reached… Read more »