401 Plan

Are 401K Savings Deductible From Your Taxes?

The 401K is an employer-sponsored plan that allows an individual to replenish their retirement funds in a tax-sheltered manner. The limit is set to be [...]

IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016

WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other [...]

Know the Difference Between a Roth 401(k) and a Regular 401(K)? Are You Sure?

If someone offered you the choice of $100,000 in a regular 401(k) or $100,000 in a Roth 401(k), which should you take? If you think it doesn’t matter, go to [...]

Understanding 401(k) and profit sharing solutions

Many small business owners are concerned about retirement, both for themselves and for their employees. Often, the issue isn’t whether to implement a [...]

Treasury and IRS Encourage Use of Annuities in 401(k) Plans

The Treasury Department and the Internal Revenue Service have issued guidance aimed at expanding the use of income annuities in 401(k) plans. The guidance [...]

Taxpayers Can Invest up to $18,000 in 401(k) Plans in 2015

The Internal Revenue Service posted the annual cost-of-living adjustments for pension plans and other retirement plans for 2015, allowing taxpayers to [...]

5 Great Tax Reasons for Contributing to a 401(k) Plan

If you work for a company that offers a 401(k) retirement plan, think long and hard about what you want to contribute for 2014. The maximum contribution is [...]