Blog Archives

Category: 401(k) Plans

Why You Will Eventually Be Forced to Withdraw Money from Your Portfolio

April 30th, 2022|

Nobody likes surprises, especially when it comes to the subject of money! When I work with mid-life professionals thinking about career transition and/or retirement, they are often surprised to learn that they will eventually be forced to withdraw money from their Traditional IRAs and Traditional 401(k) plans later in [...]

Key Retirement and Tax Numbers for 2022

March 5th, 2022|

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2022. Estate, Gift, and Generation-Skipping Transfer Tax The annual gift tax exclusion (and annual [...]

Year-End 2020 Tax Tips

November 30th, 2020|

Here are some things to consider as you weigh potential tax moves before the end of the year. Defer income to next year Consider opportunities to defer income to 2021, particularly if you think you may be in a lower tax bracket then. For example, you may be able to [...]

Making the Most of Your 401(k) Plan

July 14th, 2013|

A 401(k) plan represents one of the most powerful retirement savings opportunities available today. If your employer offers a 401(k) plan and you're not participating in it, you should be. Contribute as much as possible The more you can save for retirement, the better your chances of enjoying a comfortable [...]

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