When you make contributions to your 401 (k), the funds that you put into your account are vested immediately and are yours to keep, even if you leave your job the next day. While companies can have ...

You don't have to get a big deal on Shark Tank to need tax planning for your business. If you want to minimize your taxes on your 2023 income, check out the Solo 401(k) and the related limits and ...

Learn all you need to know about excess contribution refunds for retirement accounts. Find out how to avoid penalties and ...

The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)). Some still refer to this as the $7,000 ...

Forbes contributors publish independent expert analyses and insights. If you are a business owner who wants to maximize your tax savings on your 2024 income, check out the Solo 401(k) and the related ...