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 →

It’s time for another quiz and a funny story.

Sometimes our understanding is “incomplete.” Over the years we have observed that most people operate under one or more misconceptions regarding certain financial matters. In an effort to clarify a few of those misconceptions we offer the following brief quiz. Four questions are presented. Please click the hyperlink to indicate your response and view additional information. Question #1. Do you… Read more →