By SmartMoney Staff
Question: I contribute to a 401(k) and a 403(b). How do I calculate the maximum limit I’m allowed to contribute? Is it per account or per individual? My 401(k) contribution could also be made to a Roth account within the plan.
– Lisa Simmons, Lincoln, Neb.
Answer: It’s nice to have options. But according to the IRS, the limit is per individual. For 2012, if you’re under 50, you can contribute no more than $17,000 combined to your employer savings plans. (It was $16,500 last year.) The fact that your plan includes a Roth account doesn’t change the limit—which, incidentally, pertains only to your contributions, not to your employers’. That said, your savings may be more valuable in a Roth account, says Jean Fullerton, a partner at WJM Financial in Bedford, N.H. Unlike with a regular 401(k), she says, you’ll likely owe no taxes on Roth withdrawals in retirement.
As significantly as we enjoy the “Ocean’s” dream team that contains Brad Pitt, George Clooney, and of course Don Cheadle, the 47-year-old actor himself says the franchise has likely reached its end.
“I think that was place to bed,” Cheadle tells us from the possibility of one more “Ocean’s” film. “And I assume if we do bring it back, you understand, we really should do it in reverse. We really should do ‘Ocean’s 9′ subsequent, after which eight, [and then] seven, and just knock off a character as we go down until there`s just two left. It really should be a battle to the death.” We’d pay to determine that, but we’re not holding our breath for a release date. And, sadly for Effortless Rawlins fans, Cheadle’s not going to portray Mouse on the little screen. (Final fall, there was a report that NBC was working on adapting the Walter Mosley character Simple Rawlins for television).
“Yeah, that was one thing that came up potentially to complete, but it’s considering that kind of gone away,” Cheadle says. “But I adore that character. I don’t understand that I’d would like to revisit him, Iove sort of been there, accomplished that, but I truly dug carrying out that. I had a great expertise with him.” But you can catch Cheadle on Showtime’s “House of Lies,” in which he plays the morally bankrupt consultant Marty Kaan.
“He’s an incredibly difficult cat, which is fascinating to play. He’s do what he has to complete to acquire the job completed. He’s not above lying, cheating, stealing, throwing a friend beneath the bus…whatever it takes,” Cheadle says. “I believe that the show very deftly goes to areas that happen to be hilarious, and funny, and at times borderline slapstick. And they can get very serious simultaneously, and cover that spectrum pretty deftly in 30 minutes. That’s pretty amazing truly.” “House of Lies,” which has been picked up for a second season, airs Sundays on Showtime at 10 p.m. ET.
*******
It’s a Little off Topic but Anyone Looking for a Job Should Check Out this Website!
They are Hiring People to Work from Home for $67/hour
http://www.MakeCash123.com
This Job Program has saved Our Whole Family from the Recession!
And I Can Work from Home with my Kids !
********
Would be nice if they upped the limits more. We should be rewarding people who actually have some semblance of a plan for when they retire. http://www.pennystockherald.com We always bailout the ones who do nothing and punish the ones that actually do the right thing.
At Payday Loan Consolidation Care , we help you eliminate potentially thousands of dollars in fees that go straight to the payday loan companies, and put money back in your pockets TODAY
I am posting here because I have a quick important message. The message is that if you do not know what the Elliott Wave Principle is, I recommend learning what it is and how it can drastically help you with your finances. It has changed my whole perception about the stock market and it will certainly do the same for you, guaranteed. My blog @ http://www.anothermarketblog.blogspot.com has a lot of FREE information about the topic and how it WILL HELP YOU! Follow along to get up to date information on coming bear market continuation. This blog is for EVERYBODY!