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Tag Archives: 401(k)
RE: EIGHT RESOLUTIONS TO IMPROVE YOUR PERSONAL FINANCES
Personal financial planning is an ongoing process. The good news is that financially speaking, 2013 was a really good year. The stock markets are at all time highs. Many real estate markets around the country rebounded nicely. And interest rates … Continue reading
IRS Increases Retirement Plan Limits for 2014
Contributing to a retirement plan is one of the best tax shelters available to you during your working years. Recently, the IRS announced that most of the retirement savings limits will NOT increase for 2014. RETIREMENT PLAN LIMITS FOR 2014: … Continue reading
Checklist to Cut your 2013 Tax Bill
It’s not too late to cut your 2013 tax bill. Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $17,500 … Continue reading
IRS Announces Few Increases to Retirement Savings Limits for 2014
On Halloween night, the IRS announced the cost of living adjustments applicable to the various retirement plan limitations. Unfortunately, the bulk of the retirement savings limits will not increase from 2013. According to the October 31st announcement made by the … Continue reading
Spring Clean Up Project #1: Your IRAs, 401ks, and 403bs
As people switch jobs, change financial planners, or just move through life, it’s not uncommon to leave a trail of IRA accounts, 401k accounts, and 403b accounts. Why not take this opportunity to clean up these retirement accounts by consolidating … Continue reading
IRS ANNOUNCES HIGHER RETIREMENT PLAN LIMITS FOR 2013
Contributing to a retirement plan is one of the best tax shelters available to you during your working years. Recently, the IRS announced that many of the retirement savings limits will increase for 2013. Employer Sponsored Plans Most working professionals … Continue reading
Reminder: Report of Employ Retirement Plan due July 31
If your Keogh or Solo 401(k) accounts are worth more than $250,000, or if you have employees in your plan, you need to file Form 5500-EZ by Tuesday, July 31. For more info: http://www.irs.gov/retirement/article/0,,id=117588,00.html Have questions? We can help: 781.938.0045.
Posted in IRS
Tagged 401(k), 5500, Individual Retirement Account, Pension, retirement, SEP-IRA
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When Regular is Better than Roth – Part 1
Each winter, when my staff and I meet with our clients to review their tax information, we get this question a lot, “Should I go with the Roth version of my employer’s 401(k) or 403(b) plan, or should I stick … Continue reading
Posted in Planning, Savings
Tagged 401(k), 403(b), Andrew Schwartz, Individual Retirement Account, Roth, Roth 401, Roth IRA, Schwartz & Schwartz, Tax, Traditional IRA
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