Tag Archives | IRA
moneybags Image by Clker-Free-Vector-Images from Pixabay

More 401(k) Millionaires Than Ever

Baby boomers are joining the ranks of the million dollar retirement club in record numbers, thanks to powerful growth in market values over the last decade. Fidelity Investments says the number of customers with 401(k) accounts totaling over $1 million in value exploded by 84% over the past twelve months, while IRAs of similar value […]

Read full story Comments { 0 }
deadline clock stopwatch free pixabay

It’s Time To Fund Your IRAs!

We’re getting closer to the April 15 deadline for funding your IRAs or Roth IRAs for 2020 (that’s last year). Mari Adam talked to Kiplinger Personal Finance magazine to share insights about IRA limits and strategies. You can read the entire article here. The maximum amount you can contribute to your IRA for 2020 is $6,000 or […]

Read full story Comments { 0 }
Capital Retirement

BREAKING NEWS: Big IRA Overhaul Expected This Weekend

A major IRA, 401(k), and retirement overhaul is expected this weekend, catching almost everyone in the financial and retirement affairs community by surprise. After months of inaction, Washington insiders expect Congress to pass the long-delayed SECURE Act. Retirees could see a total revamp of IRA and Required Minimum Distributions rules, some positive, some definitely negative. […]

Read full story Comments { 0 }
sad dog free

IRA Contribution Limits Stuck At $6k Next Year

Sorry! IRS says IRA contribution limits will NOT go up for 2020. They stay at $6,000 total for your Traditional or Roth IRAs ($7,000 if age 50 or over). Financial Tip: If you’re eligible to contribute, make sure you do so. Those annual contributions can add up to big amounts over a lifetime.

Read full story Comments { 0 }
penguin pixabay free

Need To Take RMDs This Year From Your IRA? You Can Chill. We’re On It.

What’s at the top of our to-do list this month? It’s time to take care of RMDs (Required Minimum Distributions) from your IRAs if you’re age 70½ or over, or are the beneficiary of an Inherited IRA. What’s the deal? We’ve already alerted clients who need to start their RMDs IRA next year. There’s nothing […]

Read full story Comments { 0 }
retire save time clock

Hurry! You Still Have Time To Contribute To Your IRA For 2018

The clock is ticking but you still have time to contribute to your Roth or Traditional IRA and have it count for 2018. You can check out our IRA tips from an interview we did with Yahoo Finance. A quick recap: the contribution limits for 2018 are $5,500 if you were under age 50 and $6,500 […]

Read full story Comments { 0 }
Higher 401(k), IRA Contribution Limits in 2013

Higher 401(k), IRA Contribution Limits in 2013

You can put more money in your IRA and 401(k) accounts next year and get bigger tax deductions. Before year-end, make sure to change your payroll deduction instructions for 2013 to take advantage of the higher limits. For 2013, the IRS just announced higher contribution limits for a range of retirement plans and gifts. Traditional IRA […]

Read full story Comments { 1 }
golden egg

Time is Running Out To Fund Your IRA …..

Don’t Forget …. You have only until Tuesday, April 17 to fund your Traditional IRA or Roth IRA account for the 2011 tax year.  This is a “use it or lose it” opportunity to put money where the IRS won’t tax it for many, many years, or will never tax it, in the case of Roth IRA […]

Read full story Comments { 0 }