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2008 Dollar Limits
Do you serve as a Director on a Board earning additional income?
If so, you may be interested in dbBoomer, Swerdlin & Company's retirement plan designed specifically for individuals such as Directors, the self-employed, and others seeking to maximize retirement contributions that are tax deductible. dbBoomer allows you to contribute more than $45,000 each year (the maximum allowed with traditional defined contribution plans such as 401(k) plans).
The Brave New World of Roth 401(k)
Deferrals in Roth 401(k) plans are fully taxable to the participant at the time of contribution. However, if certain requirements are met, so-called "qualified distributions" of Roth deferrals and the earnings are completely tax free.
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