Gold 401K

Gold 401k Deposits

IRS maximum contribution limits for defined contribution plans allow individuals and their employers to contribute more than ever a 401 (k). Also the opportunity to shelter from tax on much of the income, many 401 (k) have a loan feature that can allow owners to withdraw money when needed.

A 401 (k) Contribution Limits for 2008
Salary deferral limit of $ 15,500 elective
Employee + employer defined contribution limit of $ 46,000 Plan
Catch-Up Contribution limit $ 5,000 Age 50 +

401 (k) Contribution Limits 2009
Choice salary deferral limit $ 16.500
Employee + employer defined maximum contribution limit to $ Plan 49,000
Update maximum contribution of 50 $ 5,500

Source: http://www.irs.gov/retirement/article/0 ,, Id = 96461.00. html

A 401 (k) provides a significant tax break for employees who contribute to the plan, and no business is too small have a 401 (k). Even a small company with no employees or employing a spouse only one person can establish a 401 (k). This includes contractors 1099 Revenue independent professionals, sole proprietors, partnerships, limited liability companies (LLC) or corporations.

key advantages of a 401 (k):
upper limit or maximum contribution.
O Contributions are tax deductible and are based on compensation or earned income.
or Roth contributions with after-tax income can be made to grow tax-free and withdrawals.
Fund or a 401 (k) grow tax deferred.
Assets can be transferred from other plans IRA or qualified in a 401 (k).
o You can take a loan from a 401K (if allowed by the plan) – up to 50% less or the account balance 50 000 dollars.

A person 401K 401K also known as the individual must be established no later than December 31, to be eligible for the deduction taxes for the tax year.

Lamaute Capital, Inc. (http://www.InvestSafe.com) member FINRA, SIPC. “U.S. Treasury Circular 230 Notice: Any U.S. federal tax advice included in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal tax penalties.”

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