For Retirement

IRAs for 2020

For 2020, your total contribution to all of your traditional and Roth IRAs cannot be more than $6,000 ($7,000 if you’re age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar limit. This does not include your rollover IRA. The same general contribution limit applies to both Roth and traditional […]

Lost Your Job?

 What do you do with your 401(k)? Got your attention? Got you thinking? Now that you have gotten over the shock of losing your job, take control of your assets! You have 4 choices to consider. 1. Leave it with your former employer. Most companies-not all-allow you to leave your retirement savings in their plan. […]

IRA Contribution Limits

Did you know you can still contribute to your IRA/SEP for 2019 until July 15, 2020?  Due to Covid-19, the deadline has been extended to coincide with the tax deadline. It’s not too late to save money in your traditional or Roth IRA. This year’s contribution limits are $6,000 if you are under 50 or […]

401(k) Fees

Fees are automatically deducted from the plan.  They are hard to find and may go under different names.  Here a few so you may understand the costs associated with your plan. Administration fees cover the operations of a plan including accounting, lawyers, record keeping, trustee services, seminars, customer service, advisers.  This may be shown as […]

Old 401(k)s?

What is the best strategy for you? Leave it there-You may leave your account with the company after you leave.  You may be happy with the selection of funds available to you.  These funds are picked by professionals.  There may be lower fees associated.  If you leave your job 55 or older, you can withdraw […]

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