Individual Retirement Account
The IRS recently announced cost-of-living adjustments to the 2015 retirement plan contribution limitations. Although the COLA adjustments are incremental, the raised limits offer savers the chance to accelerate pre-tax contributions to many types of qualified retirement accounts. Some of the highlights The elective deferral (contribution) limit for employees who participate in 401(k) plans has increased […]Continue Reading...
Are Rollovers over or on their way out? Consider the IRA One-Rollover-Per-Year Rule Beginning January 1, 2015. The IRS recently announced that beginning as early as January 1, 2015, taxpayers can make only one rollover from an IRA to another IRA in any 12-month period, regardless of the number of IRAs they own. Roll what? Transferring money […]Continue Reading...