Join the madness and vote for your favorite definition of an ideal retirement. Just submit your picks and enter to win one of twenty-five $50 American Express Gift Cards! Earn more chances to win with extra entries going to those who vote in each round and spread the word. Which retirement will come out on top? Check out the match ups and participate.
Recently, the Internal Revenue Service announced cost-of-living adjustments to the maximum dollar amount you can contribute annually to your qualified retirement plan. In 2015, the new annual maximum contribution is $18,000 for 401(k), 403(b), and 457 plans (up from $17,500) and the new catch-up contribution limit for those age 50 or higher is $6,000 (up from $5,500). Read more information and be sure to update your savings rate to reflect these new limits!
Planning for retirement can prove elusive…or confusing! Things to keep in mind: