Colorado Secure Savings Program

Colorado Secure Savings Program

What is it:  Colorado General Assembly passed a law requiring certain employers to have a retirement plan in place or use the Colorado Secure Savings Program. Who:  Colorado employers with 5 employees or more.  Those with current 401k or other qualified savings plans...
2023 Retirement Plan Updates from IRS

2023 Retirement Plan Updates from IRS

The IRS just announced increases to retirement plan contributions for 2023. We will see some large increases, much due to the high level of inflation. Below are the increases per the IRS for 2023: The IRS allows a “catch up” contribution of an additional $1,000 to...
2022 Retirement Plan Updates from IRS

2022 Retirement Plan Updates from IRS

Capstone Investment Financial Group IRS just announced increases to retirement plan contributions for 2022. Some didn’t increase, others did slightly. Below are the increases per the IRS increase for 2022: *Depending on Defined Contribution (401k), higher limits maybe...