Tag: rule

Do You Make $145K? The IRS Just Delayed New Catch-Up Contribution Rule Until 2026

The IRS has clarified that catch-up contributions will be allowed in 2024 and beyond. The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax […]

Charter changes, Home Rule and Holland Avenue

Jan. 2—A handful of charter changes, a successful Home Rule application leading to passage of a 1 % municipal sales tax and whole lot of Holland Avenue held Westover City Council’s attention in 2023. Charting the course While changes to a city’s foundational document are necessary from time to time, such actions are typically pretty […]

Does Fidelity’s 45% Rule Still Hold Up?

Among retirement rules of thumb, saving 10 times your salary by 67 reigns supreme. But workers should also have another way by planning for their savings to provide 45% of their pretax, preretirement income. Financial services giant Fidelity has a rule for retirement savings you may have heard of: Have 10 times your annual salary […]

Trump’s lawyers ask appeals court to rule on immunity in late-night filing

Former President Donald Trump‘s legal team has asked a federal appeals court to toss the criminal case alleging he violated multiple criminal statutes in his attempts to overturn the results of the 2020 presidential election, arguing that Trump possesses “presidential immunity.” In a 71-page late-night filing with the U.S. Court of Appeals for the District […]

Supreme Court rejects prosecutor’s request, won’t rule on Trump immunity yet

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Friday declined to immediately decide former President Donald Trump‘s claim that he cannot be prosecuted for trying to overturn his 2020 election defeat, allowing a lower court to continue reviewing the issue. The justices, rebuffing an extraordinary request by U.S. Special Counsel Jack Smith, refused […]