The IRS just released the cost of living adjustments for various retirement plan limitations that will take effect on January 1, 2019. Many of the limits will be increasing for 2019. The key limits that increased (shown below in bold italics) include the compensation...
The IRS released the cost of living adjustments for various retirement plan limitations that will take effect on January 1, 2019. The 2019 and prior year limits are as follows:
What's on your end-of-the-year to-do list? Shopping for gifts? Making travel plans? What about spending some time with your investments? Conducting a review and making important decisions before 2017 comes to a close may help you lower your tax bill and get your...
That’s the topic of an Insured Retirement Institute (IRI) annual survey and report, now in its eighth year. While the survey indicates a generally positive financial picture for current Boomer retirees, many are not confident with their preparedness. Fifty-eight...
While there is no shortage of strategies to consider, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two vehicles that can help individuals pay for their medical costs. With annual health care expenses coming in at more than $10,000 per...
How much should you save for retirement? Marlena Lee, PhD, from Dimensional Fund Advisors, discusses important factors that can help you meet your goals, like determining your savings rate, monitoring your progress, and making adjustments over time. I can't stress...
It's important understand how your different sources of income will be taxed during your retirement years. For most people, they will have at least two different sources of income in retirement and for many three or more. Retirement can affect someone’s tax situation....
While the 2018 annual contribution and benefit limits have not changed significantly from last year here are a few of the highlights: The 401(k) & 403(b) maximum annual elective deferral limit increased to $18,500 The defined benefit annual limit has increase...