Articles on Retirement Legislative and Regulatory Updates

The IRS Announces Plan Limits for 2008 :The IRS issued Revenue Procedure 2007-66 and IR-2007-171, in which they provide plan limits for 2008. The following are the highlights.

IRS Provides Tax Relief for Certain Recipients of Stimulus Payments: Individuals who elected to have their federal tax refunds credited to their individual retirement arrangement (IRA), health savings account (HSA), Archer MSA, Coverdell education savings account (ESA) ,or qualified tuition program account (QTP or section 529 program) via direct deposit are eligible to withdraw those amounts on a tax and penalty-free basis.

Retirement Dictionary Updates

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