If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages. 401(k) plan One of the best-known retirement plan options is the 401(k) plan. It provides for employer contributions made
Simple IRA Archives - Crawford Ellenbogen
Sep 12, 2019
The key to retirement security is picking the right plan for your business
- By Ellenbogen
- Business, Retirement
- 0 Comments
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Jan 15, 2019
You may be able to save more for retirement in 2019
- By Ellenbogen
- Retirement, Taxes
- 0 Comments
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to defined contribution plans: $56,000 (up from $55,000) Contributions to SIMPLEs: $13,000 (up from $12,500) Contributions to IRAs: