We are nearing the end of 2019 and the opportunity to give for this year. If a person has reached the age of 70.5 they can make cash donations to charities that are approved by the IRS that are outside…
Every new year brings a fresh beginning, this can be just as true now as it ever was. In 2020, expect increases in savings pretax limits for workers looking toward retirement. If you’ve already reached retirement age, you’ll see a…
Holiday shopping is underway for many with “Black Friday” and “Cyber Monday” already behind us. One small question you might ask yourself is whether you should pay for your items with a credit or debit card. There’s a lot of…
More often than not, whenever a presidential election year is underway, you will hear a lot of news anchors and financial analysts talk about the economy and the stock market. There will often be self-proclaimed experts who have their theories…
The 2020 contribution and benefit limits have been released by the IRS. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased. The following limits are applicable to…
In most cases, the actions of the Federal Reserve lowering interest rates are a good thing because a lot of economic activity depends on the ability of businesses to borrow money. It is of course easier to borrow when interest…
The IRS does a good job of providing the country’s elder statesmen with ways to save for retirement. Some of the most popular investment vehicles the IRS provides access to for the benefit of US taxpayers include 401(k) accounts and…
Minimizing taxes during retirement is a critical component of managing your assets after you leave the workforce. Taking advantage of potential tax deductions can make your savings stretch further, allowing you to achieve more of your goals and live more…
This topic is not comfortable for everyone to talk about, but planning now can make a world of difference later. More than a third of long-term care residents are younger than 65 years of age[KB1] .1 This statistic reminds us that…
Looking back at the past few weeks, the market has made some investors nervous. Market volatility can lead to some serious stress, but what are the best ways to respond to this uneasy feeling? When dealing with market volatility, it’s…
