Chester County News and Community Website
The individual retirement account (IRA) is celebrating its golden anniversary. Created in 1974, this savings vehicle has helped millions of people build resources for retirement. And in 1997, the Roth …
Which IRA Is Right for You? Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced an increase in the contribution limits for various retirement savings plans for the year 2025, marking a continued effort to enhance …
IRS Announces Increased Contribution Limits for Retirement Plans in 2025 Read More
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recently released new guidance concerning long-term, part-time employees participating in 403(b) retirement plans. These plans, akin …
New IRS Guidance on 403(b) Plans Sets Stage for Future Retirement Plan Regulations Read More
WASHINGTON, D.C. — The Internal Revenue Service (IRS) has released interim guidance under Notice 2024-63, offering clarity for retirement plan sponsors on matching contributions tied to student loan payments. This new …
IRS Issues Interim Guidance on Student Loan-Based Retirement Contributions Read More
During your working years, you know where your income is coming from because you’re working. But once you retire, you’ll have to identify your income sources, know how much you …
Retirees Must Identify and Manage Income Sources Read More