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How to Cover Emergency Medical Costs with Tax-Free Money

When we think of retirement, we imagine enjoying a home-cooked meal with family, vacationing in sunny locations, and losing ourselves in our favorite hobbies. We look forward to relaxing and enjoying our golden years, and we save our money to pay for those expected costs. But our imagined retirement betrays us by ignoring the realities

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Maximizing Your Retirement Benefits

Would you like to learn how to increase your net after-tax distribution, while reducing your taxes and increasing the deductible contribution to your retirement plan? MAXIMIZING YOUR RETIREMENT BENEFITS There are provisions in the IRS tax code that allow for incidental benefits to be provided by your business sponsored retirement plan. These benefits could include

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IRS Announces 2019 Retirement Plan Limits

In Notice 2018-83 (November 1, 2018), the IRS released the new limits on benefits and contributions for retirement plans. Current limits and historical context are provided below. Type of Limitation 2019 2018 2017 2016 2015 2014 401(k)and 403(b) Elective Deferrals(not including adjustment and catch-ups) $19,000 $18,500 $18,000 $18,000 $18,000 $17,500 457 Plan Limits(not including catch-ups)

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