Last Minute IRA Tax Deduction

Tweet With just under two weeks before the tax filing deadline you probably think your 2010 tax picture is set in stone. For some of you that may be the case, but for many more there may still be some money on the table ready for the taking. It’s all about the IRA contributions. One […]

Are You Saving Too Much for Retirement?

maximum 401K contribution 2014

Tweet As a CRPC and having spent time in the retirement planning industry I have seen a lot of trends emerge. Most notable is the huge disparity between what people have actually saved for retirement versus what they need to have saved. Do you know what the 2013 maximum 401k contribution is?  This is nothing […]

2011 401k, 403b, and 457 Plan Contribution Limits

Tweet Retirement Plan Contribution Limits Remain Unchanged in 2011 Employees saving for retirement are not getting any favors from the government this year. The contribution limits for the major employer-sponsored retirement plans: 401(k)s, 403(b)s (what is a 403b), and 457(b)s will not get an increase. That means like in 2010, the 2011 limit remains $16,500 […]

Five Year-End Financial Moves for a Better New Year

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Tweet It should come as no surprise that the new year is a time of reflection and setting new goals for ourselves. Sometimes it’s a vow to be healthier, or maybe you will finally pay off that nagging credit card balance, but whatever it is we always seem to use January 1st as some sort […]

How Much Money Do I Need to Save For Retirement?

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Tweet Calculating How Much Money You Need for Retirement Every so often I receive questions from readers. I try to answer them all directly, but occasionally a question comes up that is very broad and is one that more people are thinking about but not asking. Everybody wants to know how much they should be […]

Are Automatic IRAs the Answer for Low Income Workers Saving for Retirement?

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Tweet There has been increasing discussion lately about new ways to help lower income employees who may not have access to more traditional retirement savings to begin saving for retirement. We already have a number of retirement vehicles available for most people, but there are still millions of people who simply don’t save anything for […]