Retirement Watch Weekly
“What the Election Means for Social Security, Medicare, Taxes, and More” Conference Call
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Bob’s Journal for 11/7
IRS Announces 2025 Inflation Adjustments for Retirement Plans Inflation increased the amount people can contribute to 401(k) plans in 2025 and changed other limits for retirement plans. The maximum tax-deferred contribution by an employee to a 401(k) plan in 2025 will be $23,500, up from $23,000 in 2024. The additional catch-up contribution for those ages […]
Did the Fed Wait Too Long?
Tighter monetary policy and higher interest rates finally had their intended effects, slowing growth and reducing inflation. The question now is whether the Federal Reserve waited too long to reverse policies. While most analysts focus on Fed policies, productivity and an expanding labor force are the unsung heroes of the last couple of years. They […]
How to Manage Capital Gains in 2024
The challenges for investors who hold assets in taxable accounts are greater in 2024 than in most years. They face difficult decisions about whether and when to sell the assets. Many investments delivered strong returns in recent years. But now those assets have higher risks. They’re selling at high valuations and have modest or no […]
Key Rollover Mistakes You Must Avoid
Though the rollover is the most frequent IRA transaction, most people do only a few rollovers during their lifetimes. Consequences of this inexperience are that mistakes are made and people pay unnecessary taxes and penalties. A rollover from a 401(k) to an IRA, when done correctly, is tax free. But an attempted rollover done incorrectly […]
Should You Roll Over Your 401(k)? The Answer Might Be Changing
For many years, the best action to take with a 401(k) account when leaving an employer was to roll over the account to an IRA. Most people followed that advice. The rollover has been the most frequent IRA transaction, and rollover contributions exceed regular contributions by a significant amount. But the situation has been changing. […]
Prepare Now for the 2026 Cliff, a.k.a. Tax Armageddon
Shrewd people are taking time now to consider the actions they should take in the rest of 2024 and 2025 to avoid falling off the tax cliff. The 2026 Cliff, or Tax Armageddon as some prefer, is the scheduled reduction of the current lifetime estate and gift tax exemption. The exemption was doubled in 2017’s […]
