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Let's work together to keep this number as low as possible, shall we? The April 15 deadline for filing federal income tax returns is looming. Maybe you're still working up your 1040 forms, and ...
A 401(k) is one of the best retirement savings vehicles around. Money you invest grows tax-deferred, and depending on the type of 401(k) you have access to, you may either get a tax deduction when ...
The most important step in saving for retirement is participating in your 401(k). By familiarizing yourself with 401(k) limits in 2014 and making retirement planning a priority, you're sure to get ...
In short, the employees who most need a retirement plan may be the ones who can least afford to participate in a 401(k). A big incentive for participating in a 401(k) is getting the matching funds offered by most employers. To get all these funds, employees must contribute a certain amount (often twice what the employer contributes).
The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
The top marginal long term capital gains rate fell from 28% to 20%, subject to certain phase-in rules. The 15% bracket was lowered to 10%. The 15% bracket was lowered to 10%. The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles.
Remember that guidelines are not set in stone — rather, they're good rules to follow. For instance, if you’re 30 years old and earn $75,000, you should try to have that much saved in your 401(k).
The federal Employee Retirement Income Security Act of 1974 — or ERISA — prevents creditors from making claims against funds in retirement accounts like 401(k)s, protecting the money you paid ...
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related to: 2014 gift limit allowed for 401k account rules