Saving for Retirement
How much should you save for retirement? Marlena Lee, PhD, from Dimensional Fund Advisors, discusses important factors that can help you meet your goals, like determining your savings rate, monitoring your progress, and making adjustments over time. I can't stress...
Helpful Tools & Resources for Retirees, (or soon to be,) from the IRS
It's important understand how your different sources of income will be taxed during your retirement years. For most people, they will have at least two different sources of income in retirement and for many three or more. Retirement can affect someone’s tax situation....
Maximum HSA Contribution for 2018 Under Family High Deductible Health Plan is Back to $6,900
On May 4, 2017, the Treasury Department and the IRS released Revenue Procedure 2017-37, which stated that the maximum contribution to an HSA for an individual with family coverage under a high deductible health plan would be $6,900 for 2018. On March 2, 2018, the...
What Everyone Needs to Know About the New Tax Laws
When the formal tax reform process began during the second half of 2017, the key goals were to simplify the tax code, eliminate certain unpopular taxes, reduce taxes for the middle class and significantly reduce the corporate tax rate. In the end, we have the Tax Cuts...
Five Things You Need to Know to Ride Out a Volatile Stock Market
1. Watching from the Sidelines May Cost You When markets become volatile, a lot of people try to guess when stocks will bottom out. In the meantime, they often park their investments in cash. But just as many investors are slow to recognize a retreating stock market,...
Year-End Tax Planning Tips
The uncertainty surrounding potential tax law changes has dominated headlines in the past few weeks. While the tax landscape for 2018 is still up in the air, we know what the laws are for 2017 (assuming none of the potential changes are made retroactively, which...