The youngest baby boomers turn 50 this year
June 16, 2014 by Warren S. Hersch
As the youngest baby boomers turn age 50 this year, many will want to take advantage of catch-up contributions available to those participating in 401(k) plans (the IRS limit this year is $5,500, an amount unchanged from the 2013 total) and individual retirement accounts ($1,000, also unchanged from last year). Many will also be looking to financial advisors for tax planning advice –including information on certain tax facts that planners in need of a refresher may be unfamilar with.
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Originally Posted at LifeHealthPro on June 16, 2014 by Warren S. Hersch.
Categories: Industry Articles
