Retirement

IRS Announces 2020 Retirement Plan Limits

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Do you know what's changing for retirement plans in 2020? The IRS has announced the 2020 plan limits and these changes will take effect in the upcoming tax year on retirement-related items. Employees in 401(k) plans will be able to contribute up to $19,500 next year. 

Why are these numbers important to you? There are limits to how much you can contribute to your retirement account and they can change from year-to-year, so it's important to stay up-to-date. Check out our infographic that details all the changes you'll want to be aware of for the coming year. 

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How Often Should You Check Your Retirement Accounts?

Kevin Major, CPFA

Kevin Major, CPFA

Blog Post

When first investing in a retirement plan, it can be hard to know where to begin. While you may feel like there’s a lot to manage, you might be surprised at how often you should actually be checking your account. The average investor usually doesn’t need to stress over the everyday changes in their portfolio. Anytime the markets are involved, you have to remember that they will naturally go up and down. You and I can’t control them, but even in volatility it’s important to stick to your game plan. If it is a long-term plan (retirement accounts), it is important to stay invested so you don’t miss out on potential growth.

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MONEY HACKS: How are You Doing with Retirement Savings?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Special guest and newest member of our AFS 401(k) team, Allison Rosenberg joins me in this Money Hacks episode. She brings years of real-world financial coaching experience and is here to answer one important question — How can you measure if you are on track for your retirement?

With this simply idea, you don’t need a phone or calculator. All you need is to know how much you have in your retirement account and open ears. We’ll walk you through a simple calculation to determine if you have enough retirement savings. If you find yourself on good terms great but if not we’ll also give a few tips to help you catch up.

 

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Infographic: How Does Saving 10% in Your 401(k) Affect Your Paycheck?

Kacy Reece

Kacy Reece

Blog Post

The use of an employer-sponsored retirement savings account (i.e. 401(k) or 403(b)) is a powerful tool in ensuring you’re saving enough and in the best way for your retirement. Depending on the plan offered by your employer, you could save in a traditional 401(k), Roth 401(k), or respective 403(b) accounts. In the infographic below, we’d like you to meet Betty. She’s thinking about how and where she should save in her organization's 401(k) retirement plan. You can see the impact her retirement savings decision- either pre-tax or Roth, has on her immediate paycheck as well as her retirement goals.

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The 3 Most Important (Retirement Savings) Questions to Ask Every Year

We're coming into the busiest time of year, and naturally your schedule may be filling up with family gatherings, delicious food, and year-end adventures. 

Before you get consumed by holiday parties and egg nog, take a moment and ask yourself these three questions to make sure you are ringing in the New Year knowing your retirement plan is in good order and up to date.

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Infographic: What's Changing for Retirement Plans in 2018?

Alex Assaley, AIF®

Alex Assaley, AIF®

Blog Post

Do you know what's changing for retirement plans in 2018? The IRS has announced the 2018 plan limits and these changes will take effect in the upcoming tax year on retirement-related items. Why are these numbers important to you? There are limits to how much you can contribute to your retirement account and they can change from year-to-year, so it's important to stay up-to-date. Especially since this is the first year since 2015 that your 401(k), 403(b), and 457 limit is raising. 

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VIDEO: Traditional 401(k) vs. Roth 401(k): Which Should You Choose?

Kacy Reece

Kacy Reece

Blog Post

When deciding which type of retirement plan contribution strategy is best for you, the features, benefits, tax strategies, and differences between your primary options – pre-tax (or Traditional) and Roth, can be a daunting task. So, before getting overwhelmed, know that while there are plenty of choices, most employer-sponsored retirement benefits typically only offer two choices: a Traditional 401(k) or a Roth 401(k). 

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