IRS Raises 401(k) Contribution Limit to $17.5k, CNN Reports
For the second year in a row, the IRS raised the 401(k) contribution limit by $500; The Business Finance Store discusses its effects on Business-Directed Retirement Accounts.
Santa Ana, CA (PRWEB) October 28, 2012
According to CNN, for the second year in a row the IRS will boost the 401(k) contribution limit by $500 to $17,500. This means more contributions to a Business Directed Retirement Account (BDRA), which allows entrepreneurs to invest in their own business using their retirement assets. In the recent blog post, "Save More in Your 401k to Help Fund Your Small Business," The Business Finance Store discusses how the recent 401(k) contribution boost can affect BDRAs.
As BDRAs allow business owners to utilize an existing retirement account to fund a business, the boost to 401(k) contribution means more money for business owners. To learn more about BDRAs, visit The Business Finance Store Blog.
The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.
The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.
For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.
For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10062640.htmView Comments and Join the Discussion!