Have you made your IRA contribution for 2014? You can do so now through April 15. Call us at 636.527.5010 if you have questions. Did you know that you don’t have to wait until the following year to make your IRA contribution? You can make your 2015 IRA contribution now. In most cases making your contribution earlier results in a larger… Read more →
Category: Retirement
Retirement contribution limits, QLACs, a case of fraud and the circle of life.
The IRS recently announced adjustments to retirement plan contribution limits. In 2015 the elective deferral limit for 401(k) participants will be increased to $18,000. Most similar plans, 403(b), 457, etc. will allow increased contribution limits as well. The catch-up contribution limit for employees age 50 and over will increase to $6,000. Therefore, older employees can defer as much as $24,000 next… Read more →
About retirement…
The term I prefer is “financial independence.” And the question is, “What does it take to be financially independent?” It takes income. Income which is sufficient to meet required outflows, and which is not dependent upon continued employment. Please note that the attainment of some arbitrary age, such as 65, is not what is required. Some folks are financially independent… Read more →