Tag: Roth IRAs

With the 2024 tax year right around the corner, there’s good news coming from the IRS. According to a recent announcement from the tax agency (Notice 2023-75), there will be increases to retirement plan contributions next year due to inflation adjustments. Here’s a rundown of some of the changes: Contributions to 401(k) and 403(b) Plans. Taxpayers will be able to contribute up to $23,000 in 2024, up from $22,500 in 2023. The catch-up contribution amount for those age 50 and… Read more ›

When planning a trip, you probably focus on making the travel arrangements, ensuring you’ll have enough spending money and other practical issues, such as having someone cover you at the office and someone else keep an eye on your house or pets. The last thing on your mind may be putting your financial and other personal documents in order. However, if you expect to be away for any length of time — especially if your loved ones won’t be traveling… Read more ›

Graduation can be one of the most exciting — and intimidating — times in your life. You’re officially an adult, and with that new-found independence comes financial responsibilities. No pressure, but the decisions you make today about spending and saving can mean the difference between struggling for the rest of your life and building a solid financial future. Here’s a list of important questions to ask yourself as you start your journey: 1. Where Should I Live? Depending on where… Read more ›