IRA, 401(k), and HSA Contribution and Funding Limits for 2009
January 8, 2009 by MJP
Filed under 401(k) Plans, Investing for Retirement, IRA's
Now is the time for baby boomers to consider and finalize plans for funding their retirement plans for 2009. I have thought about a variety of issues related to these funding decisions.
First, analyze your options if your employer has stopped matching 401(k) contributions. Read more
Why You Should Fund an IRA in 2008 and 2009
The issues related to funding of an Individual Retirement Account (IRA) are particularly complex for baby boomers for several reasons. Fear of investing after what happened in 2008 is certainly one of them. Nevertheless, I think that all baby boomers should give strong consideration to funding an IRA in 2008 and 2009. Read more
Minimum Distributions from Retirement Plans Still Required for 2008
December 20, 2008 by MJP
Filed under 401(k) Plans, IRA's
Congress recently passed legislation waiving required minimum distributions (RMD) from an IRA, 401k plan, and other qualified retirement plan for 2009. Based on that, some retirees age 70 1/2 and older who are subject to RMD rules waited to see if the Treasury would apply the RMD waiver for 2008 as well.
On December 18, the Treasury announced that the Required Minimum Distribution rules would apply for 2008. Read more
