Retirement Plan Contribution Limits to Remain Unchanged in 2010
The Internal Revenue Service has decided to keep contribution limits for 401(k)s, IRAs and other retirement accounts unchanged in 2010, rather than lowering them, as some had feared due to negative inflation. The Labor Department reported Thursday that the consumer price index has fallen 1.3% over the past 12 months.
Thus, the maximum amount workers can contribute to their 401(k) is still $16,500 with an additional $5,500 permitted for those 50 and older. IRA contributions remain at $5,000 for those under 50 and at $6,000 for those 50 or older.
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- Taxes in 2010: Retirement Limits Stay the Same
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Blog List
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BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong? - The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.
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The OBBA Budget Deficit Shell Game in 10 Pictures - Lets discuss OBBA as written vs nearly guaranteed to happen.
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A millennial paid off six figures in debt and built a $1 million net worth. She explains how she invests her money. - Rose Han says her wealth began to snowball as she created more revenue streams and had more money to funnel into investments.
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Everybody Else Is Reading This - Snowflakes That Stay On My Nose And Eyelashes Above The Law Trump’s New Birth Control […]
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Maximizing Employer Stock Options - Oct 29 – On this edition of Lifetime Income, Paul Horn and Chris Preitauer discuss the benefits of employee stock options and how to best benefit from th...
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Wayfair Needs to Prove This Isn't as Good as It Gets - Earnings were encouraging, but questions remain about the online retailer's long-term viability.
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Hannity Promises To Expose CNN & NBC News In "EpicFail" - *"Tick tock."* In a mysterious tweet yesterday evening to his *3.19 million followers,* Fox News' Sean Hannity offered a preview of what is to come from ...
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Don’t Forget These Important Retirement Deadlines - *Now that fall is in full swing, be sure to mark your calendar for steps that can help boost your tax-advantage retirement savings.*