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

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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IRAs, contributions may be tax deductible, depending on income level, and investment earnings are tax deferred until withdrawn.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.

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