The 2012 IRA limits and 401k contribution limits were just announced, so you can start planning your 2012 contributions. The 401k limits are going up from 2011; the IRA limits will remain the same as the 2011 IRA limits. Increases in the 401k limits and IRA limits are determined based on inflation, so in addition [...]
The 2012 Social Security wage base will be going up for the first time in a few years. The wage base in 2012 is $110,100. It’s an increase over the 2011 Social Security wage base, which was $106,800. What is a Tax Wage Base? Social security taxes, (or OASDI taxes) are the taxes that are [...]
The 2012 Roth IRA limits and Roth 401k contribution limits were just announced, so you can start planning your contributions. The new limits will go up for the Roth 401k; the Roth IRA limits remain unchanged and will be the same as the 2011 Roth IRA limits. The 401k limits and IRA limits are determined [...]
Roth 401ks have been around for a few years now, but have been recently increasing in popularity. In fact, my employer has just opened up an opportunity for its employees to invest in a Roth 401k in addition to the traditional 401k. I had heard rumors about these plans for a few years but have [...]
The Social Security program is the largest government program in the world and the single greatest expenditure in the federal budget. The actual name for Social Security is the Old Age, Survivors, and Disability Insurance (OASDI) program. It consists of many parts, including guaranteed income to the retired, disabled, and qualified survivors, insurance in the [...]
