If your tax refund this year was disappointing, you may be able to do something about it: Contribute more to a retirement fund. Tax-deductible contributions to 401(k)s, IRAs and other retirement accounts are among the few remaining ways to reduce taxable income if you don’t itemize deductions. And few of us do these days: Only... Liz Weston is a writer at NerdWallet.
Similar Stories to Your 401(k) Just Got More Valuable on Bing News
Liz Weston, NerdWallet.com
Fri, 04/12/2019 - 9:30am
BING NEWS:
- ‘I’ve nothing saved for retirement’: I’m 50 and earn $45,000. I don’t have a 401(k) match. Should I put 10% of my salary in a Roth IRA instead?
Dear Quentin, I am 50 years old and for the majority of my life I have worked construction and manual-labor jobs. In 2012, at the age of 38, I went back to school and got an associate’s degree in ...
11/30/2024 - 3:09 am | View Link - Think you know your 401(k)? Here are 5 game-changing facts for a better retirement
With help from Michael Shamrell, vice president of Thought Leadership for Fidelity Workplace, understanding your 401(k) and achieving your financial goals just got easier.
11/29/2024 - 1:00 am | View Link - SECURE 2.0 implementation strategies for 2025: A 5-step plan to keep 401(k)s compliant
After plan sponsors understand which provisions are applicable and when they need to be implemented by, the next step is to determine who will be responsible for the implementation.
11/28/2024 - 11:34 pm | View Link - The Average American Can’t Answer These Simple 401(k) Questions
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Knowing key facts is critical as a 401(k) plan is hugely ...
11/28/2024 - 2:33 am | View Link - Notable 401(k) and IRA plan changes for 2025
The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.
11/26/2024 - 8:30 pm | View Link - More
- 2025 Amounts Relating to Retirement Plans and IRAs, as Adjusted for ...
plan described in section 401(k)(11) or section 408(p) that applies for individuals who attain age 60, 61, 62, or 63 in 2025 is $5,250. The limitation under section 414(v)(2)(B)(iii) for catch-up contributions to certain accounts or plans described in section 401(k)(11) or section 408(p) that generally applies for
11/30/2024 - 7:00 pm | View Website - 'I've nothing saved for retirement': I'm 50 and earn $45,000. I don't ...
The reason: A 401(k) is more secure from creditors than a Roth IRA in the event of a lawsuit or bankruptcy, he notes. Your 401(k) or other employer-based retirement plans may be federally ...
11/30/2024 - 11:07 am | View Website - 401(k) contribution limits for 2023, 2024, and 2025
The Roth 401(k) contribution limits for 2023, 2024, and 2025 are the same as the pretax limit for traditional 401(k) plans. If you have access to a Roth 401(k) and a traditional 401(k), you can contribute up to the annual maximum across both.
11/30/2024 - 5:17 am | View Website - My employer offers an incredibly generous 401 (k) match but I don't ...
Max out that 401(k) match: It’s hard to overstate how valuable a 401(k) match is. At the very least, contributing enough to get the full match is a no-brainer, even for a 22-year-old who wants ...
11/30/2024 - 3:58 am | View Website - What happens to your old 401(k) when you leave a job
A 401(k) is tied to your employment, but you retain control over the account after leaving a job. The next step is deciding how to handle your funds, and you have several options depending on your financial goals and circumstances. Here’s a closer look at the most common 401(k) options when you leave a job:
11/30/2024 - 1:20 am | View Website - More
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