Qualified retirement plans offer tax benefits for both employers and employees, easing retirement saving. Employees benefit from tax-deferred growth in qualified plans and can often borrow against ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax ... IRA retirement plan beyond April 1 of the year following the year in which they reach the required age.

If you're one of the growing number of independent contractors, retirement ... qualifying age is a bit higher, at 55 or older. Defined Benefit Plan These pension plans are among the oldest in the ...

and required distributions start at age 73. A traditional IRA is a tax-deferred retirement account you open outside of an employer’s retirement plan. In certain cases, you’ll receive a tax ...

or other retirement plan, especially when your employer is matching part or all of your contribution. However, those above the age of 50 should analyze increased tax advantages of 401(k ...

Ages 60 to 63 will get a new, supersize limit for their 401(k) contributions and can save up to $34,750 for retirement.