The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as the $7,000 ...

A 529 plan is a tax-deferred savings vehicle that grows tax-free and helps you pay for higher education and trade schools, elementary or secondary, public, private or religious schools and sometimes ...

It’s a pooled risk (or target pension) plan in the U.K. where both the employer and employee contribute Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a ...

Here’s some good news for workers who are using a 401(k) plan to save for retirement: You can stuff more in your account next year than you can this year. That’s because the cap on how much you can ...

No, unless the contributions are designated Roth contributions under a 401(k) plan. Another exception to the general rule that employer contributions are not taxable when contributed is when the plan ...

Data from the Bureau of Labor Statistics indicate that just 15% of private industry employees have access to a pension, also known as a defined benefit plan. Employers began moving away from these ...

If you’re self-employed or run a small, unincorporated business, you’ve likely wondered what is a Keogh retirement plan and whether it can help you save more — faster. Short answer: a Keogh (also ...

Cheers if you already have the best retirement plan for your business. If not check out the tax benefits of a cash balance pension plan. As we enter tax season, you may wonder what else you can do to ...