state government pension retirees.

State Government Pensions

State government pension plans represent a touchstone of public finance, providing long-term financial stability for millions of public sector workers. This comprehensive, yet focused guide will take you through what these pension plans are, how they function, and the benefits workers receive in their retirement years. How Does a Local …

Read More

roth ira for college

Smart to Use Roth IRA for College

Should I use my Roth IRA for college? As a former financial planner, I would often get these questions from clients who read something somewhere. Much like patients asking doctors about drugs they heard about on TV, such questions rarely ended up being a good idea. When it comes to …

Read More

ira contribution limits for 2021 and 2020

IRA Contribution Limits 2022 and 2023

Not all tax numbers stay the same over time. Many income limits and other tax numbers are adjusted each year, either for inflation, or by another statutory mandate. These tax numbers include the tax tables and tax brackets for each year, for example. It also includes IRA contribution limits. The IRS …

Read More

457 retirement

Roth 401k and Roth 457 Plans

By now, many people are familiar with the basic concepts of a 401k retirement savings plan. But did you know there are different kinds of 401k plans? Do you know what a 457 plan is, or what its variation, the Roth 457 plan is? If you already have a good …

Read More

roth 457 retirement plan

How To Use Roth 457 Plans

When it comes to retirement planning, 457 plans are kind of the neglected younger sibling of the better known 401k plans. Both are employer sponsored retirement plans, meaning your employer has to set them up for you, unlike an IRA or Roth IRA which are individual retirement plans. However, a …

Read More

401k

401k Contribution Limits 2022 and 2023

401k contribution limits prevent higher income taxpayers from stuffing too much money tax-free into their 401k plans. Each year, the IRS adjusts tax numbers due to either tax law changes, or statutorily mandated adjustments. However, in some cases, the tax amounts are tied to inflation so that they automatically adjust. In …

Read More