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 …
Learn MoreMatthew Kelley, CEO of Gold Medal Waters, a Boulder Financial Advisor, offers advice to women on eliminating credit card debt in the Women & Co. article, 4 Tips to Help Trim Credit Card Debt. Click here to read the full article.
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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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The Department of Labor (DOL) has finally published its new fee disclosure ruling for 401k plans, generally called 408(b)2. The ruling’s requirements went into effect on July 1, 2012, and while you could argue that the goal of the new ruling is sound, some employers are struggling to understand its features. Unfortunately, this regulation may …
Learn MoreQuestion: What is an IRA account and how does it work? Answer: Let’s start with the easy part of this question: ”What is an IRA Account?” The Employee Retirement Income Security Act of 1974 (ERISA) amended the US tax code to allow for the creation of an individual retirement arrangement (or IRA) account. IRA accounts were …
Learn MoreQuestion: I’m interested in learning how to open an IRA Account. Does it matter where I open it? Answer: Opening an IRA account is a relatively simple and straightforward process. You can open an IRA at most financial institutions, including many banks, brokerage firms, mutual fund companies, insurance companies, and even credit unions. Most of …
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During a weak global economy and uncertain financial markets, many investors tout the benefits of holding gold. Some proponents claim that gold deserves a significant weighting in most investors’ portfolios. Gold’s often-cited portfolio benefits include a strong long-term return, a hedge against inflation, and safe haven during turbulent times. But does the evidence build a …
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