At the July 13th, 2015 White House Conference on Aging, the Social Security Administration announced they will begin providing individuals with an easily transferrable data file containing the information needed to help you know how much to expect in Social Security retirement benefits each month.
As we continue to enhance the Financial Independence analysis prepared for...
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Category Archives: Retirement
Year-End Notes
2015 contribution limit increases
A new year is about to begin, and this is a great time to check on your 401(k) retirement plan to take full advantage of the tax benefits. For 2015, the contribution limit has increased from $17,500 to $18,000, with an additional $6,000 permitted if you are 50 or older. These contributions...Easy Year-End Steps for Today
- 529 Plan contributions need to be received by the last day of the year. For Indiana residents, missing this deadline can result in the loss of a $1,000 tax credit. Check your year-to-date contributions soon.
- Required Minimum Distributions are a major tax-trap with a penalty of 50% of the amount missed. If you are over age...
401(k) Plan Scoreboard
