Tag Archives | Retirement Income

Retiring and Relocating, 4 Key Considerations

You have had enough! One too many meetings. One too many stupid bosses, and one too many young whipper-snappers trying to steal your job. You pick up your gold watch (they don’t really do that anymore do they?), attend your retirement party and now what?

Read full story Comments are closed

Using 529 Plans for College Funding – Part 1

Key Takeaways 529 plans are tax-advantaged education savings accounts operated by state or educational institutions. In most types of 529 plans, earnings are tax-deferred while in the account, and tax free when withdrawn for qualified education expenses. Some states, including Pennsylvania, allow your contributions to be deductible at the state level. As with so many […]

Read full story Comments are closed

2015 Annual Limits for Financial Planning

Key Takeaways In 2015, retirement plan participants can contribute up to $18,000 annually to their 401(k), 403(b), Thrift Savings Plans and most 457 accounts. Savers age 50 and over are able to contribute an extra $6,000 catch-up contribution this year, for a total of up to $24,000. Contributions to Individual Retirement Accounts (IRAs) are unchanged […]

Read full story Comments are closed

New Legislation Extends Popular Tax Provisions

In one of its final actions, the 113th Congress passed the Tax Increase Prevention Act of 2014 and the President signed it on December 19th. This legislation extends for one year a host of popular tax provisions (commonly referred to as “tax extenders”) that had expired at the end of 2013. The following provisions were […]

Read full story Comments are closed
small business retirement plans

401(k) Plans: The Early Days, ERISA and Your Fiduciary Responsibility

Third in a series of articles about retirement plan costs for investors, business owners and plan administrators Key Takeaways The Employee Retirement Income Security Act of 1974 (ERISA) put in place guidelines to help protect retirement plan participants. The 401(k) plan, although a relatively new concept, has become the primary retirement savings vehicle for today’s […]

Read full story Comments are closed

401(k) Plans: Don’t Let the Fees Sneak Up on You

Second in a series of articles about retirement plan costs for investors, business owners and plan administrators Key Takeaways  You don’t have to know all the answers, just ask the right questions. 401(k) costs can have a major impact on long-term results for participants. Be aware of the costs you are incurring and be diligent […]

Read full story Comments are closed
401k-plan

401(k) Plans: There Is No Free Lunch

First in a series of articles about retirement plan costs for investors, business owners and plan administrators  Key Takeaways Think of the long-term impact when it comes to making the decision to participate in your company retirement plan. Respect the power of compounding. Time and discipline make for successful investment outcomes. This article series is […]

Read full story Comments are closed