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IRS Increases 401(k) Contribution Limits

Key Takeaways The IRS just announced new incentives to help those saving for retirement combat inflation. Starting in 2015, retirement plan participants will be able to contribute up to $18,000 annually to their 401(k), 403(b), Thrift Savings Plans and most 457 accounts. Savers age 50 and over will be able to contribute up to $24,000. […]

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IRS Reverses Long-Standing Position on One-Rollover-per-Year Rule

The IRS has indicated that it will follow the recent Tax Court decision in Bobrow v. Commissioner, which held that a taxpayer may make only one tax-free, 60-day rollover between IRAs within each 12-month period, regardless of how many IRAs he or she maintains. However, the IRS will not apply this new interpretation to any […]

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401(k) Plan Fees – Do you know what they are costing you?

Key Takeaways Despite disclosure rules adopted in 2012, 401(k) fees are still very murky and often overlooked by retirement plan participants. Hidden, seemingly innocuous fees can add up to hundreds of thousands of lost dollars over time. Employers are required to have fiduciary responsibility over their company’s retirement plans, including full disclosure of fees, expenses […]

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Social Security: How Do I Know When To Begin?

There are many great mysteries in the world.  Some are created by the forces of nature and some are created by our desire as human beings to overcomplicate things.  The rules around receiving Social Security help to create one such mystery. Most individuals approaching age 62 have probably had the thought:  “Should I just take […]

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My Parents Can’t Manage Alone. What should I do?

Are one or both of your  parents having health  problems, suffering mental lapses, or just slowing down with age?  Do you find they can’t manage on their own anymore?  If so, you’ll want to consider the various living arrangements that are available to older individuals.  Before you begin, however, you’ll want to talk to your […]

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