Retirement Contribution and Social Security Limits on the Rise

Posted on 06. Dec, 2017 by in Bookkeeping Articles, Small Business Tips

Save More in 2018! The maximum contribution to 401(k) accounts rises by $500 in 2018, the first increase in three years. If you have not already done so, now is the time to plan for contributions into your retirement accounts in 2018. Questions? We can help. Contact us today!

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Fix Your Overfunded Accounts

Posted on 30. Oct, 2017 by in Bookkeeping Articles, Small Business Tips

Is socking away large sums in a tax-deferred retirement account ever a bad idea? It is when you exceed the annual IRS limits. Whether intentional or not, the penalties can be painful. Here’s how overfunding occurs and what steps to take to fix the problem. How overfunding happens Overfunding retirement accounts happens more than you […]

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How Much Do You Need to Retire?

Posted on 24. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

Most Americans simply don’t save enough for retirement. Nearly half of working-age households don’t have any retirement assets, according to the National Institute on Retirement Security. Of those working-age households close to retirement (age 55 and above) nearly two-thirds have less than one year’s worth of their annual salary in retirement savings. The goal: a […]

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