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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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2016 COLA Adjustment Slightly Affects Limits for Certain IRAs and the Savers Credit
Appleby Retirement Dictionary [Guidance Overview] Oct. 22, 2015 "Only some of the limits were changed from those that were in effect for 2015.... Individuals who are active participants are eligible to deduct their Traditional IRA contributions, only if their modified adjusted gross income (MAGI) amounts do not exceed certain limits ... Individuals may contribute to a Roth IRA only if their MAGIs do not exceed a certain amount ... A nonrefundable savers tax credit is available to eligible individuals who make contributions to their Traditional IRAs and/or Roth IRAs, as well as to those who make salary deferral contributions to an employer sponsored retirement plan." |
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