The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2018 tax year. For 2018, the elective deferral limit increased to $18,500. The catch-up contribution remained at $6,000. Review the Guide to 2018 Plan Limits for all the savings limits and thresholds applicable to qualified retirement plans.
We are three-fourths of the way through 2017, rounding the corner for the home stretch into the holidays that will mark the end of 2017. Thus far, financial assets delivered higher than long-term average returns in the face of a number of "walls of worries" to climb. There are numerous events shaping and reshaping conversations including hurricane damage and recovery, legislative stalemates, numerous signs of civil unrest and elevated tensions with North Korea. Read more.