As I mentioned earlier this week, the 401(k) deduction limits were left unchanged in the House GOP tax reform legislation that was finally released yesterday. There are MANY details to the plan and the final product will likely look different after public input and reconciliation negotiations, but here are a few highlights .
How to Pick a Mutual Fund
“Many of our mutual funds earn Morningstar’s highest ratings,” reads the headline on a major mutual fund company’s website. They aren’t unique. Virtually every fund company references the Chicago based investment research firm’s rating system to promote their funds that have earned the coveted 4 or 5-Star ratings.
When you consider a new investment option in your 401(k) or where to put your next IRA contribution, chances are that you checked the star rating before making the selections. You’re not alone.
401(k)s Pre-Tax Limits May Be Safe...For now.
House Ways and Means Chairman Kevin Brady said there will be no reduction in pre-tax 401(k) contribution limits, “unless there’s broad agreement” among investment advisors that something different would work better for retirement savers. Stay tuned...