401 (k) limits stay the same for 2010. The maximum amount that workers can contribute to their 401 (k) is $16,500. Catch up contributions for workers age 50 and over will remain the same at $5,500

For seniors, Social Security recipients will not be getting an increase this year. I don’t know about you but I worry about our parents and grandparents who count on social security to live. You don’t think the cost of health care, prescriptions, rents, and other expenses that are necessary to live are going down do you?

Another great reason to start planning now with a self-directed IRA for your financial future. After all, by the time we retire, there probably will not be social security!

This entry was posted on Monday, November 30th, 2009 at 12:53 am and is filed under Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.