Home » best stock today » Best 401k investments for 2012

Wednesday, November 30, 2011

Best 401k investments for 2012

Best 401k investments for 2012 : A surprising number of folks contribute the maximum amount to their retirement savings plans at work, and thanks to Internal Revenue Service inflation-adjusted figures released today, they can ratchet up even more tax savings in 2012. The maximum an individual can contribute to a 401(k) retirement plan for 2012 is $17,000, up from $16,500 this year. The new higher limit applies to all 401(k) type retirement plans, including 403(b) plans and 457 plans.

The 401(k) Gets a Raise in 2012
The IRS raised the 2012 contribution limit to $17,000 for 401(k) investments, 403(b)s, most 457s and Thrift Savings Plans. The $500 raise is the first lift to the limit since 2009. The reason for the increase is simple, inflation. The contribution limit, by law, adjusts for inflation and because we saw a rise in inflation, we see a higher contribution limit. Reaad More..

2012 Maximum 401k Contribution
On October 20, 2011, the IRS announced 401k contribution limits for 2012. This means that the 2012 pre-tax contribution limit for 401k plans will be $17,000 up from $16,500 with an index for inflation set at $500 increments. Reaad More..

2012 Tax Law Changes Affecting Your 401(k) and IRA
In case you haven't noticed what your wallet has been trying to tell you, the cost of living has been rising lately. According to the Bureau of Labor Statistics, the consumer price index (CPI) has risen 3.9% over the past 12 months. The price of energy (including gasoline) alone has increased by nearly 20%, and food prices have gone up 6% over the past year as well. Reaad More..
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)