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What is the Retirement Savings Contributions Credit? Can I Claim it?
Mon, 01/18/10 | No Comment
What is the Retirement Savings Contributions Credit? Can I Claim it?

Yet another case where NOT making much money actually pays off. If your income is below the follow adjusted gross income (AGI) levels for the 2011 and 2012 tax year, you may be eligible for …

2010 IRS Maximum Allowed Roth & Traditional IRA Contribution Limits
Mon, 12/28/09 | 4 Comments
2010 IRS Maximum Allowed Roth & Traditional IRA Contribution Limits

Update: the 2014 maximum IRA contributions have since been released if you are looking for current information. You can also find the the 2011, 2012, and 2013 maximums at those links.
The Deadlines for your 2009 …

2010 IRS Maximum Allowed 401k Contribution Announced
Tue, 10/20/09 | 33 Comments
2010 IRS Maximum Allowed 401k Contribution Announced

Being that this is National Save for Retirement Week, it seems appropriate to share some bittersweet news that I just learned. The IRS has recently made the big announcement regarding 401K maximums for 2010. <Update: …

The Shockingly Low Amount of Retirement Savings per American
Mon, 10/19/09 | 144 Comments

Average Retirement Savings per American
According to the Employee Benefits Research Institute’s 2013 Retirement Confidence Survey, 57% of workers in the U.S. have less than $25,000 in total savings and investments.
With pension plans being a thing …

How Much can My Employer Contribute to my 401K?
Tue, 07/21/09 | 32 Comments
How Much can My Employer Contribute to my 401K?

401K Employer Maximum Contributions
I’d like to clear up a very common 401K misconception surrounding maximum contribution limits.
Question: The IRS maximum 401K contribution limit for 2014 is $17,500. But what exactly does this mean? Does this …

Pensions Vs. 401K’s: Why you should Care that Pensions are Going Extinct
Thu, 04/30/09 | 50 Comments
Pensions Vs. 401K’s: Why you should Care that Pensions are Going Extinct

Check out a more updated breakdown of pensions/401K’s in my post on defined benefit vs. defined contribution retirement plans.
Today’s Retirement Reality
Most twenty-somethings have never and (unfortunately) probably will never sniff the sweet security provided by …


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