New IRA And 401(K) Limits For 2014

Saving and Retirement

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 […]

Get Started On Saving For Your Retirement

Do you want a secure and comfortable retirement? Then your best and most effective strategy is to start saving -- right now.

Have you started saving for retirement yet? If you haven’t and feel that it’s too late to start, 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 or a Roth […]

IRS Announces Changes For Retirement Accounts

The IRS made tax changes that will affect your IRA and 401(k).

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 […]

Increasing Your Retirement Income

Living on a fixed income is challenging, but it's not impossible.

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 […]