Money News Today That Matters Tomorrow
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 contribution limits, as shown in the table below. With the new $17,500 limit, employees enrolled …
[Updated with current 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 you are over or turning 50 in a given calendar year you are eligible to …
A SIMPLE IRA is also a small business IRA-based plan with a simplified method for employers to make direct contributions (via salary reductions) toward their employees’ retirement and their own retirement. Employees may choose (not mandatory) to make regular contributions and the employer makes matching or …
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 future. In fact, as a self-employed small business owner or an employee of a small …