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  2. Inflation and Your Taxes — How Do Higher Prices Impact Your ...

    www.aol.com/finance/inflation-taxes-higher...

    For a 401(k), this limit will rise by 5% — from $19,500 to $20,500 — for savers under the age of 50. For a traditional and Roth IRA, the limit will remain $6,000 for savers under 50.

  3. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored defined-contribution pension account defined in subsection 401 (k) of the Internal Revenue Code. Employee funding comes directly off their paycheck and may be matched by the employer. There are two types: traditional and Roth 401 (k).

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  5. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

  6. Wells Fargo - Wikipedia

    en.wikipedia.org/wiki/Wells_Fargo

    In March 2019, CEO Tim Sloan resigned amidst the Wells Fargo account fraud scandal and former general counsel C. Allen Parker became interim CEO. In July 2019, Principal Financial Group acquired the company's Institutional Retirement & Trust business. On September 27, 2019, Charles Scharf was announced as the firm's new CEO.

  7. Principal Financial Group - Wikipedia

    en.wikipedia.org/wiki/Principal_Financial_Group

    In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. The deal was financed with cash and senior debt financing.

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