IRS Announces New Solo 401K Plan Contribution Limits for 2012
December 22nd, 2011
In 2012, the maximum solo 401(k) plan contribution limitation will increase to $50,000 and $55,500 for plan participants over the age of 50
Self-directed IRA tax deferral solution
August 1st, 2011
In searching for the optimum tax free investment, it becomes clear that the various forms of Individual Retirement Accounts (IRAs) offer distinct advantages. An IRA is available to the company-employed and self-employed. In traditional IRAs, contributions may be tax deductible, depending on income level, and investment earnings are tax deferred until withdrawn. Roth IRA contributions are not tax deductible, but qualified withdrawals are tax-free. Unlike Roth IRAs, traditional IRAs are subject to required minimum distributions at the age of 70 1/2.
What are the IRA Contribution Limit Rules?
January 26th, 2011
For 2010 and 2011, the most that an individual can contribute to a traditional IRA or Roth IRA generally is the smaller of
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