The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds.

Unlocking Your 401(k) Early: The Rule of 55 for Pre-59½ Retirement Access
Retiring early? Learn how the Rule of 55 allows penalty-free 401(k) withdrawals for those 55+ who leave their job. Plan your finances wisely!