IRS announces updated retirement plan limits for 2018
On October 19, 2017, the IRS announced the updated retirement plan limits for 2018. Importantly, 401(k) and SEP IRA contribution limits increase. Traditional IRA and ROTH contributions are unchanged. Below, see highlights for notable DC plan limits:
Money has been flowing into international equities in record numbers. The reduction in home bias is a positive development. Half of the world's market capitalization is outside the U.S. as well as the fastest growing economies. Improving fundamentals, cheaper equity valuations, and diversification are resulting in a larger allocation abroad.
Business owners face a multitude of challenges. There is a business to run, clients to serve, and employees to look after. If you're like most entrepreneurs, day-to-day challenges can cause you to lose sight of the ultimate purpose for your business, that it is a vehicle for enhancing your personal wealth.