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New Year, New Rules
Your 2024 Retirement Playbook
As it often happens, the new year brings new rules. This time around, we have some good news for you, especially if you are planning to retire any time soon: the retirement planning landscape is getting a much-needed facelift in 2024.
New Retirement Contribution Limits for 2023
The Internal Revenue Service has released new retirement contribution limits for the coming year.
After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. This include changes to IRA, Roth IRA, Workplace and SIMPLE Retirement Accounts, and other changes.
2021 Limits for IRAs, 401(k)s and More
Numbers to know for the new year.
On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note.
The SECURE Act
Long-established retirement account rules change.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a massive upheaval, the SECURE Act will require a change in strategy for many Americans. For others, it may reveal new opportunities.
Can You Put Your IRA into a Trust?
What you should know about naming an IRA beneficiary.
Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, however, is name a trust as the beneficiary of your IRA.
New IRS Contribution Limits for 2020
Changes for 2020.
The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes.
Traditional vs. Roth IRAs
Perhaps both traditional and Roth IRAs can play a part in your retirement plans.
IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow.
The IRA and the 401(k)
Comparing their features, merits, and demerits.
How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of each account, starting with what they have in common.
