IRS Limits on Retirement Benefits and Compensation
2023 Retirement Plan Limits
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2021 Form 8880
Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover contributions) to...
2022 Retirement Plan Limits
IRS Limits on Retirement Benefits and Compensation
Waterford Group Named 2020 NAPA Top DC Advisor Teams
March 29, 2021 – The Waterford Group, LLC is pleased to announce that they have been named to the 2020 edition of the National Association of Plan Advisors Top Defined Contribution Advisor Teams.
2020 Form 8880
Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver’s credit). You may be able to take this credit if you, or your spouse if filing jointly, made (a) contributions (other than rollover...
2021 Retirement Plan Limits
Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or his or her spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor his or her spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.)
Tips to Weather a Turbulent Market
With the recent market volatility, it’s understandable that you may be concerned about your investments.
CORONAVIRUS, AID, RELIEF AND ECONOMIC SECURITY (CARES) ACT FAQ
Amidst the ongoing COVID-19 crisis, the American Retirement Association has been working diligently to push for commonsense solutions that provide Americans with the funds necessary to provide for themselves and their families while at the same time protect the...
The Difference Between 3(21) and 3(38) Fiduciary Services
Plan sponsors are required by ERISA to provide an investment lineup for participants that has been prudently selected and monitored to minimize and control risk. To ease this burden, a retirement plan advisor may act as an ERISA 3(21) investment fiduciary with regards...
Other Resources
November 2022 Newsletter
DOL Updates Guidance on Auditor Independence for Retirement Plan Engagements In September, the U.S. Department of Labor (DOL) released an Interpretive Bulletin that updates guidance on audits of benefit plans under the Employee Retirement Income Security Act. The...
Are You Thankful for Your Health?
The holidays are upon us! Staying healthy just might make you wealthy. With small lifestyle changes and healthy choices (especially with all the shared yummy foods), you may reduce your annual healthcare costs and increase your income. These lifestyle changes can be...
2023 Retirement Plan Limits
Retirement Plan Limits IRS Limits on Retirement Benefits and Compensation As published in IRS News Release IR-2022-188, Oct. 21, 2022 202320222021401(k), 403(b), 457 Elective Deferral Limit$22,500$20,500$19,500Catch-Up Contribution Limit (age 50 and...