Tag Archives: Retirement Planning

Congress Looking At New Stuff To Tax

Congress is looking for potential sources of tax revenue and the list includes employer-paid healthcare, retirement plans, medicare and other potential sources.

Continue reading

Taxes, Death… and Marriage?

Marriage – tax advantage?  Maybe yes, maybe no.

Marriage can have a tax-rate advantage, but it depends on the incomes.  Did you know you can actually save tax money if one spouse is making a lot less than the other?  It’s true.  The tax bill of the high-income earner can almost (if not totally) be cancelled out.  Continue reading

2013 Tax Changes to Remember on the Road to 2014

2013 contribution limits increased for some of the more popular retirement vehicles.  IRS-2012-77, October 18, 2012:

  • The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s “Thrift Savings Plan” increased $500.00.
  • The catch-up contribution for age 50+ employees and who participate in 401(k), 403(b), most 457 plans and the federal government’s “Thrift Savings Plan” remains unchanged at $5,500.00. Continue reading