Source: www.ftportfolios.com, First Trust Advisors, LP
Source: www.ftportfolios.com, First Trust Advisors, LP
This article presents the IRS’ cost-of-living adjustments for 2024 that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts.
High-income participants will not be allowed to make pre-tax catch-up contributions to a traditional 401(k) or similar plan starting in 2026, but they will be able to contribute to a workplace Roth.
The SECURE 2.0 Act modified the rules for qualified charitable distributions to allow funding a charitable gift annuity or charitable remainder trust from an IRA.
In July 2023, the Department of Education launched a new income-driven repayment plan for federal student loans called the Saving on a Valuable Education Plan.
How much will it cost to pay off a loan over its lifetime?
How Long Will It Take to Pay my Balance?
Use this calculator to estimate how much income and savings you may need in retirement.