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.
Traditional 401(k) vs. Roth 401(k): A Comprehensive Analysis
July 25, 2024
Traditional vs. Roth 401(k): Which is right for you? Discover the pros and cons of each retirement savings option in our comprehensive analysis.
