2015 Annual Limits for Financial Planning

Category: Retirement Income

February 18, 2015  |  

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 […]

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small business retirement plans

December 18, 2014  |  

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 […]

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December 17, 2014  |  

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 […]

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401k-plan

December 17, 2014  |  

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 […]

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November 5, 2014  |  

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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July 8, 2014  |  

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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May 15, 2014  |  

What is an assisted-living facility, and how do I choose one?

What is an assisted-living facility? The wide number of options available makes defining the term difficult.  Generally, however, assisted-living facilities primarily serve senior citizens who need more help than those who live in independent living communities. These facilities typically offer rental rooms or apartments, housekeeping services, meals, social activities, and transportation.  Their primary focus is […]

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