Greg Young

401K Inventor Now Questions Use

The father of the 401k, Ted Benna, who created a vehicle that now holds more than $5 TRILLION dollars of Americans’ retirement money believes we should wipe away the whole thing. He believes in 401k’s. He doesn’t believe in the structure which is intended to create fees for companies who administer these plans. He also…

Greg Young

The Power of the QCD

One Of The Few Gifts From The IRS A Qualified Charitable Distribution (QCD) is one of the best tax gifts that the IRS has given you. If you are age 70½ or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts. This additional taxable income may…

Contribution Limits

2017 Retirement Plan Contribution Limits

Minor inflation means small, but notable, changes for the new year. Each October, the Internal Revenue Service announces changes to annual contribution limits for IRAs and workplace retirement plans. Are any of these limits rising for 2017? Will IRA contribution limits go up? Unfortunately, no. Annual contributions for Roth and traditional IRAs remain capped at…