About GE Food Labeling. If you want to know if your food contains gluten, aspartame, high fructose corn syrup, trans-fats or MSG, you simply read the label. But if you want to know if your food is genetically engineered (GE), youâre not going to find any information on the package.
Contribution Limits. The contribution limits for SIMPLE IRAs are lower than 401(k) plans, so your SIMPLE IRA contribution cannot exceed the lower limit and your total contributions can't exceed the higher, 401(k) plan limit. In 2012, the limit for a SIMPLE IRA is $11,500 and the limit for a 401(k) plan is $17,000.or example, if you contributed $2,000 more than your contribution limit to the two plans, you have to report $2,000 more in taxable income for the year. Worse, you get taxed on that money a second time when you take the money out.
You can contribute to a Roth at any age, even past retirement age, as long as youâre still earning taxable income. A working spouse can also contribute to a Roth IRA on behalf of a nonworking spouse. For a 401(k), the 2014 contribution limit is $17,500, unless youâre 50 or older, in which case the limit is $23,000.hen you can strategize your distributions to minimize your tax liability. You can also contribute to a traditional IRA even if you participate in an employer-sponsored retirement plan, but in some cases not all of your traditional IRA contributions will be tax deductible.