A new law was passed late last year which has significant impacts on retirement savings. The SECURE Act has a positive name, but not all changes are positive.
Read More
There are limits on the amount one can save in tax qualified accounts like 401(k)’s and IRA’s. For those age 50 and over (55 for HSAs) additional catch-up
Read More
The 2020 inflation adjustments for Social Security are finalized. Benefits will increase 1.6% and the wage limit for FICA taxes will increase 3.6%. Medicare
Read More
The fall season brings us changing leaves, harvest, football - and the inflation adjustment for Social Security benefits and maximum salary subject to Social
Read More
Beyond investments, there are many risks one faces in their financial life - inflation, taxes and how long you live just to name a few. This post will discus
Read More
Risk can be many things - a game; an opportunity; a 4-letter word. For an investor, it can be all of them (though maybe only speculators refer to it as a game)
Read More
Each year the Social Security Trustees issue a report on the status of the program. Included is how long the funds are projected to last and what portion of
Read More
There are five key factors that go into the FICO score. This recent article from the Federal Reserve Bank of St. Louis {link below} explains these factors, how
Read More
I recommend looking at your completed return and pay special attention to particular lines to help with future tax planning. This year I will also add the “tax
Read More
Some experts recommend holding dividend paying stocks in a Traditional IRA rather than a taxable account. The ability to defer paying taxes on a high stream of
Read More
Many people like to shop and find bargains. Some may check which grocery store has meat on sale or buy certain items at a discount grocer or large box store.
Read More
Last month I posted the 2019 Social Security inflation adjustment estimate of 2.8% based on 2 of the 3 months' CPI data available at that time. This morning