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Tag Archives: Roth IRA
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
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
Why open a Retirement Plan for Your Practice?
Let’s start by discussing some of the benefits of setting up and maintaining a Retirement Plan for your practice. The first benefit is that contributions you make into the retirement plan are generally tax deductible, and then those contributions grow … 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
THE NEW AMERICAN TAXPAYER RELIEF ACT – PART 2
By Michael Bohigian, EA In part 1 of this series, we looked at the income side of the American Taxpayer Relief Act of 2012. We’ll wrap up with Deductions and some tax-savings tips. What’s Being Deducted From Your Deductions Please, … 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
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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Schwartz and Schwartz, CPAs News 
NEW YEAR’S RESOLUTIONS – PT 2
We’re continuing with our series on New Year’s resolutions that you can do to improve your finances. Be sure to read Part 1 for extra tips! Pay Down Those Credit Cards If you owe money on your credit cards, determine … Continue reading →