IRS Issues New Retirement Plan Contribution Limits for 2012 for Solo 401K Plan

November 8th, 2011

Among the biggest changes is an increase in the annual contribution limit from $16,500 to $17,000 for employees who participate in 401(k),

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What happens if I Make an Excess IRA Contribution?

January 26th, 2011

Generally, an excess IRA contribution is the amount contributed to an individual’s Traditional IRA and Roth IRA for the year that is more than the above limits. Regular (not rollover) contributions made in the year a person is age 70½ and any later year are also excess contributions unless made to a Roth IRA. An excess contribution […]

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