Category Archives: Retirement

Social Security Integration

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...
Read more

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...
Read more

Easy Year-End Steps for Today

  1. 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.
  2. Required Minimum Distributions are a major tax-trap with a penalty of 50% of the amount missed. If you are over age...
Read more

401(k) Plan Scoreboard

What makes a retirement plan successful?

In most sports, there is only one outcome that matters -- the scoreboard. That is the final determinant of who was successful and who was not. The scoreboard for a retirement plan (401k, 403b, or any other plan type), and what ultimately matters, is whether or not the participants in...
Read more