tax deferred investment

Double your deferred savings under new rule

The end of the year is approaching, but you still have time to maximize your supplemental retirement savings and ease your income tax burden for 2007. Tax law for 2007 allows employees under age 50 to save up to $15,500 tax-deferred savings through these supplemental accounts. Employees 50 and over can save up to $20,500.   With […]

Supplemental retirement limits increase for 2007

A valuable benefit available to all employees is supplemental retirement savings on a pretax basis through two plans: the Tax-Deferred Investment (TDI) plan through TIAA-CREF and the Deferred Compensation Plan (DCP) through the state Department of Retirement Systems (DRS). The IRS maximum annual limit has increased for 2007 to $15,500 and to $20,500 for employees […]