Comments on: Retirement Plan Contribution Limits for 2010 http://gotoretirement.com/2010/01/retirement-plan-contribution-limits-2010/?utm_source=rss&utm_medium=rss&utm_campaign=retirement-plan-contribution-limits-2010 A Baby Boomer's Journey from Retirement Planning to Retirement Living Tue, 31 Jan 2012 12:54:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jefffou http://gotoretirement.com/2010/01/retirement-plan-contribution-limits-2010/comment-page-1/#comment-2196 jefffou Sun, 24 Jan 2010 23:54:09 +0000 http://gotoretirement.com/?p=4492#comment-2196 Yes, the average family looking for a tax break needs not look much further. For all of the faults of the 401k (and there are some), there are not many other places where you can get a tax deduction of over $15,000. Also, many companies are re-instating the match making contribution amounts even more advantageous to the working man. Good article, Thanks.... Jeff Yes, the average family looking for a tax break needs not look much further. For all of the faults of the 401k (and there are some), there are not many other places where you can get a tax deduction of over $15,000.

Also, many companies are re-instating the match making contribution amounts even more advantageous to the working man.

Good article, Thanks….

Jeff

]]> By: Brian http://gotoretirement.com/2010/01/retirement-plan-contribution-limits-2010/comment-page-1/#comment-2140 Brian Sat, 09 Jan 2010 17:22:58 +0000 http://gotoretirement.com/?p=4492#comment-2140 For IRAs another thing I learned this week....we should all know this. If you are unsure about your elibibility or deductable amounts for your IRA or ROTH, you should still contribute as early as possible. The IRS makes an allowance for contributions that you then need to undo or roll to the next tax year. I unfortunalty waited until this week to fund my 2009 as I was unsure if I was elibigle, thus losing 1 year of investment time (athough missing out on the 1/2 half of 2009, not so bad). Again if you are unsure still contribute and then you can modify and adjust when you file. ( consult your tax advisor ;) ) Here's to a sucessful savings, investment and retirement for all in 2010. Blessings, Brian For IRAs another thing I learned this week….we should all know this. If you are unsure about your elibibility or deductable amounts for your IRA or ROTH, you should still contribute as early as possible. The IRS makes an allowance for contributions that you then need to undo or roll to the next tax year.

I unfortunalty waited until this week to fund my 2009 as I was unsure if I was elibigle, thus losing 1 year of investment time (athough missing out on the 1/2 half of 2009, not so bad).

Again if you are unsure still contribute and then you can modify and adjust when you file. ( consult your tax advisor ;) )

Here’s to a sucessful savings, investment and retirement for all in 2010.

Blessings,

Brian

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