Back in October, the Internal Revenue Service announced cost of living adjustments and dollar limitations for pension plans and retirement plans. Below are the 403b contribution limits or Tax Year 2013. 403b Limits for 2013 Elective Deferral (Contribution) limit – $17,500 Catch-up Contribution limit (for those above age 50) – $5,500 Seeking other contribution limits? Here …
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Back in October, the Internal Revenue Service announced cost of living adjustments and dollar limitations for individual retirement arrangements (IRAs). Below are the IRA Contribution Limits for Tax Year 2013. Traditional IRA Contribution Limits for 2013 Under Age 50 – Contribution Limit – $5,500 Above Age 50 – Contribution Limit (plus Catch-up Contribution) – $6,500 ROTH IRA …
Learn MoreBack in October, the Internal Revenue Service announced cost of living adjustments and dollar limitations for pension plans, retirement plans and individual retirement arrangements (IRAs). Below are the summarized Contribution Limits for Tax Year 2013. 401k Limits for 2013 Elective Deferral (Contribution) limit – $17,500 Catch-up Contribution limit (for those above age 50) – $5,500 403b …
Learn MoreBack in October, the Internal Revenue Service announced cost of living adjustments and dollar limitations for pension plans and retirement plans. Below are the 401k contribution limits for Tax Year 2013. 401k Limits for 2013 Elective Deferral (Contribution) limit – $17,500 Catch-up Contribution limit (for those above age 50) – $5,500 Seeking other contribution limits? Here is …
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Many investors dutifully save a portion of their hard-earned money every year in a traditional IRA. Then, they get to a point in their life when they want to use the accumulated IRA savings. But how do you get out what you saved? What are the IRA withdrawal rules? How do you calculate and determine …
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How should you invest for retirement? Should you use a fixed income strategy or seek a total return strategy? Times change and how we invest has changed over the years as new scientific study better explains how the stock market works and more encompassing ways to invest across the markets. The traditional approach was to …
Learn MoreMany of us have Safe Deposit Boxes and hopefully, all of us have our Estate Planning documents in order. But where should you keep everything? What information will your Executor need? The following “Letter to My Executor” will help you decide what is important and where it belongs. If you get organized now, updating it on an …
Learn MoreMany investors understand the principle of diversifying their investment portfolio, and some consider applying that principle to their investment professionals as well. Knowing that multiple asset classes increase diversification and potentially reduce risk during a recession, they think that multiple financial advisors might do the same. It sounds logical, but let’s examine this concept more …
Learn MoreWe spend a lot of time in the first part of our lives accumulating stuff. We nest. We create a home for ourselves and maybe a family. We spend a lot of money on that stuff and we prize it highly. Some things have more of a sentimental or emotional value, perhaps to us, and …
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