Chester County News and Community Website
U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, this week delivered a speech on the Senate floor responding to President …
Protect Retirement Savings: Senator Cassidy Responds to Biden Plan to Veto CRA Read More
WASHINGTON, D.C. — Retirees who turned 72 during the last half of 2021 that, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from …
April 1 Is Last Day to Start Taking Money Out of IRAs and 401(k)s: IRS Read More
WASHINGTON, D.C. — The Internal Revenue Service is reminding taxpayers they may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement …
Saving for Retirement? IRA Contributions for 2021 Can Be Made Until April 18 Read More
WASHINGTON, D.C. — The Internal Revenue Service is reminding retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by December 31.
Most Retirees Must Take Required Minimum Distributions by Dec. 31 Read More
WASHINGTON, D.C. — The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022 recently increased to $20,500, up from $19,500 for 2021 and …
401(k) Contribution Limit Increases to $20,500 Read More
Beginning on January 1, 2020, after nearly three years, the Setting Every Community Up for Retirement Enhancement (SECURE) Act became effective. The bill impacts how money is saved for retirement …
Big Changes to 401(k)s, Annuities and IRAs Read More