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401k contribution limits
There are certain guidelines issued by IRS from time to time regarding the specific limits on the amount that is to be saved and contributed to one’s 401K plan every year. In addition the IRS fixes on the highest range of pre-tax amount that is required to be contributed in 401K plan. It was in 2005, that the range of $14,000 (extreme limit) by way of pre-tax contributions was made to plans sponsored by employers. As against this, in the year 2006 the largest pre-tax contribution limit of $15,000 was set. All above contributions were the result of decisions passed under the Economic Growth and Tax Relief Reconciliation Act of 2001. There are several other provisions as well like if one is working two employers simultaneously there is other IRS pre-tax limit for that particular year as well. For the 401K account contribution, the IRS has set up the maximum range for the aggregated sum from all the various sources. Thus under this, both the employer matching contributions and employee after-tax contributions are included. There are special provisions for catch-up contributions as well, like in case one is 50years older or more, the catch-up contributions for him are different like in the year 2005, the additional excess catch-up contribution was $4000 and in the next year it was 1000 dollars extra means $5000. However after 2006 on these contributions were changed, now from 2006 on the limits to these contributions are subjected to the cost of living adjustments which is also called “COLA.” It is worth to note that in the scenario where if the employees pre-tax contribution is not more than the contribution limit as per the plan or even dollar limit calculated annually of IRS in a particular calendar year , then total or part of all the employee’s catch-up contribution would be taken as the regular and normal pre-tax contribution. All these contribution limits are set up keeping in mind that no discrimination can be made by the employers for their employees who are earning much. If you are worried about your retirement and you are thinking about how it would be possible for you to enjoy your retirement days, the best solution is to plan for your retirement. What all is required is that you should start planning your retirement since the very beginning as only you would be able to have a huge accumulation of money for your retirement. There are many ways by which you could save money for your retirement but the best way is to go for 401K contributions.

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Lost green card
If you have a lost Green Card, fortunately all may not be lost. The first thing to do will be not to panic, and to inform the relevant immigration services of your mishap. As long as you have had no problems with your stay in the United States, then you should be ok. It may simply be a matter of getting to the relevant authority and being awarded a temporary proof of status while you are issued with a new Green Card. This may take a while, as your records and status are checked, but as long as you are covered with the temporary proof you should be ok. There could be fees involved. Having a lost Green Card does not mean that you will immediately lose all of the privileges that you have been awarded. What you must do is inform immigration of what has happened as soon as you have found out that it is missing. Do not delay in this matter, as the Green Card is an important form of identification. It will have your signature, photograph as well as your fingerprint upon it. The status of the card is something that affords privileges such as being able to work legally, and to vote in local and state elections. This is not something to lose or be without. It is important to realize that a lost Green Card is not the end of the world. You should be able to get a replacement fairly easily, even though it may take some time and some fees may be applied to the application. There are resources on the Internet of where to go and what forms to get in order to apply for a new one. This almost falls under the same- jurisdiction of having to renew your Green Card after having it for ten years. When residing in another country, but remaining as a citizen of your native land, it is important to be as diligent as you can over your legal documents. If you do face problems, then you may have to resort to finding a Green Card attorney to help you out. Hopefully the situation should not deteriorate to such a point, especially if all of your paperwork is in order and you have good proof of your status with you. If you have a lost Green Card, sort out the problem immediately, the authorities will likely do all they can to help you rectify the situation, but it some circumstances it could raise problems of you getting employed somewhere if it is found to be missing.

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