Retirement Plan Changes You Need to Know About for Next Year

If you’re starting to think about your New Year’s resolutions, investing efficiently in your financial future is always a good one to consider. It’s never a waste of your time to understand where your money is going and how you can save for your retirement in the most effective way.

We took a look at some of the retirement plan alterations and initiatives you should be aware of for 2015. myRA is a brand new IRA option available in 2015.

It’s not linked to an employer sponsored plan and is available if you have an income of less than $129k per year. You can invest after-tax dollars through payroll deduction. Next year you can up your 401(k) contribution by $500.

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