Annual Maintenance…For Your Retirement Plan!
Perform This Five-point Inspection To Help Keep Your Retirement Plan’s Motor Running Smoothly
Just like with a car, it’s a good idea to perform some annual maintenance on your retirement plan. Here’s a five-point inspection guide to help you continue to get good mileage out of your plan and ensure it stays reliable on your trip to retirement. Read More »
Recalibrating For Your Retirement
How To Catch Up On Retirement Contributions Post-COVID
On top of all the other disruption (and worse) caused by the pandemic, COVID-19 may have put a real dent in your progress towards saving for retirement. Did your workplace close temporarily, or did you have to temporarily leave the workforce? Did your employer pause matching contributions, or did you find yourself needing to take a coronavirus-related distribution? Or did the uncertainty of the last year just cause you to pause your own contributions? Regardless of why you got off track, with the economy booming, now’s a great time to get back on! There are steps that can set you on your path again, determined by your age, situation, and whether you’re able to make catch-up contributions. Read More »
Every Little Bit Helps!
If you have a little extra cash laying around…even just $20…popping it into an IRA can be a boon for your future retirement. Read more from Alessandra Malito.
Good News on Tax Saver’s Credits
Laws that were enacted as part of the Bipartisan Budget Act of 2015 include new rules that could mean larger tax credits for some workers.
Bigger Retirement Savings Contributions Credit
The Saver’s Credit is an important tax credit that many American workers who save for retirement may be missing out on. Low and moderate-income savers who meet IRS requirements may be able to take a bigger tax credit (“Saver’s Credit”) of up to $2,000/$4,000 (singles/couples) for making eligible contributions to an employer sponsored retirement plan or IRA. To see if you qualify, visit www.irs.gov and enter “Do I qualify for the Retirement Savings Contributions Credit?” in the search box.
