saving for retirement

New IRA And 401(K) Limits For 2014

As the Christmas shopping season winds down, many Americans are starting to look toward the future — and their taxes. One of the easiest ways to reduce your income tax each year is to contribute a portion of your income to a 401(k) or traditional Individual Retirement Arrangement (IRA). For example, if you earned $70,000 […]

retired couple enjoying wine

Get Started On Saving For Your Retirement

Have you started saving for retirement yet? If you haven’t and feel that it’s too late to start saving for retirement, here’s something you should know: it’s never too late. In fact, you still have time left before the April 15th tax deadline for retirement savings in 2012. You’re able to contribute to a traditional […]

money in jar for retirement

IRS Announces Changes For Retirement Accounts

To help taxpayers, the Internal Revenue Service (IRS) has taken the step of changing its regulations regarding contributions to retirement accounts. What this means is that you can save more money by increasing the amount you put toward a 401(k) or an Individual Retirement Account (IRA). The IRS has also made changes to the income […]

retired man reviewing tax return

Higher Tax Rates On Retirement

In recent months the news has been consumed with talk about taxes and retirement, and for good reason: the fiscal cliff tax deal made significant changes to tax deductions as well as to how we can save for retirement. There were more changes aside from the tax deal, however; a new tax law — the […]

time to save clock

Increasing Your Retirement Income

A recent report from the Deloitte Center for Financial Services (DCFS, a division of professional services company Deloitte) exposes just how bad the retirement landscape has become. People have lost confidence not only in saving for retirement, but in having professionals handle their retirement investments. Among the findings from the report: One in five people […]