Posted on January 7, 2020 by Ruder Ware Estate Planning Attorneys
Blog
The federal appropriations bill enacted into law on December 20, 2019 changed federal law in ways that may affect your retirement assets, including 401(k) plans and IRAs. Those changes, often referred to as the “SECURE Act,” may affect you during your lifetime and also the way those retirement assets may be distributed to your beneficiaries […]
Posted on November 6, 2019 by Mary Ellen Schill
Blog
On November 6, 2019 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. All of the limits shown below have increased from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2019-$19,000 2020-$19,500 $200,000 compensation limit 2019-$280,000 2020-$285,000 $160,000 defined benefit limit 2019-$225,000 2020-$230,000 […]