Adding a 401(k) deferral arrangement to a profit-sharing plan may provide large tax deferrals for many sole proprietors. An individual who makes most of his income as an employee, but has a small sole ...

The IRA contribution limit remains at $7,000, and the catch-up contribution for individuals aged 50 and older as of the end of the year remains at $1,000. Your regular IRA contribution cannot exceed ...

A 401(k) true-up is an end-of-year calculation that some employers use to make sure that they have contributed everything they owe to an employee's retirement plan. True ups occur in retirement plans ...