Tag Archive for: retirement

IRS: New law provides relief for eligible taxpayers
WASHINGTON — The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement…

401(k) contribution limit increases to $19,500 for 2020
WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.
The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This…

It’s Never Too Early: 5 Tips to Get Kids Started with Retirement Planning
It’s a whole new world for recent college graduates entering the workforce. Their priorities have changed; now bills, rent, and student loans lead their monthly list.
Retirement planning ranks low as a priority for many young people in…