Home Resource Center Retirement Investing Basics

2015 roth ira contribution limits

Amount of Roth IRA Contributions That You Can Make For 2015 If your filing status is… And your modified AGI is… Then you can contribute… married filing jointly or qualifying widow(er)  < $183,000  up to the limit  > $183,000 but < $193,000  a reduced amount  >  $193,000  zero married filing separately and you lived with … Continued

Traditional IRA contribution limits 2015

Amount of Traditional IRA Contributions That You Can Make For 2015 If Your Filing Status Is… And Your Modified AGI Is… Then You Can Take… single or head of household $61,000 or less a full deduction up to the amount of your contribution limit. more than $61,000 but less than $71,000 a partial deduction. $71,000 … Continued

Investing Terms to Know

There are seemingly infinite terms and phrases that financial industry insiders use. In fact, many industry terms have completely different meaning in daily speech. We have only included definitions and explanations that relate directly to finance and investment. Hopefully this short list will help you to build a framework of understanding about retirement savings, general … Continued

Individual Retirement Account (IRA)

Individual Retirement Accounts provide investors with a way to invest for retirement with tax advantages. They are retirement plans for individuals rather than groups of employees. Many rules and regulations are similar to those that govern work retirement plans like 401(k)s. However, IRA contribution limits are far lower than work retirement plan limits, and they phase … Continued

Redemption Fees

Before you make any trades in your work retirement account, you should find out whether redemption feeswill apply. The fees can have a negative effect on your portfolio’s performance, so it’s best to avoid them whenever possible. Redemption fees are also sometimes called short-term trading fees. Fund companies require shareholders to keep shares for a specific period … Continued

Mutual Funds

A mutual fund is an investment shell. Within the shell are a large number of investments, usually stocks and/or bonds. When all of the investments are bundled together into a fund, people can purchase shares in the mutual fund. Having mutual fund shares means an investor owns part of the investment shell – regardless of which underlying … Continued

Dollar Cost Averaging

Dollar cost averaging is a long-term investing strategy designed to minimize the effects of market fluctuations. The investor contributes the same amount of money to an investment account on a dedicated schedule – quarterly, monthly, weekly, daily, etc. For example, contributing $100 on the 15th of each month is dollar cost averaging. The dollar cost averaging … Continued

Saving for Retirement

People’s retirement needs vary greatly, but everyone will have basic expenditures: home maintenance or rent, transportation, medical care and living expenses. Many Americans hope to be able to travel, golf, eat out and make big-ticket purchases during retirement. In order to pay for life during your retirement – and maybe have some fun along the … Continued

Asset Allocation

Within an employer-sponsored plan like a 401(k), there are lots of possible investment options. Of those options, mutual funds are among the most common investments. The financial industry breaks mutual funds into large categories – called asset classes. Some of the most common asset classes are explained in the graph below. Asset allocation refers to the way … Continued

Contribution Limits

Maximum 401k contribution limits The IRS limits the amount of money that an employee 30and an employer can contribute to an employer-sponsored retirement account like a 401(k). Unlike contribution elections, which are generally discussed in terms of percentage-of-salary, the limitations are strict numbers that apply to everyone, regardless of income level.  Thus, if an employee … Continued