Year-End Financial Checklist
It seems like we just rang in the new year and here we are almost at the end of 2023. My dad told me the older I got, the faster things would go, and he wasn’t wrong. So, with the time left before the end of the year, there are some financial matters you need to attend to before you [...]
Yep, Medicare is Going Up in 2024 Too
Well, it’s that time of year again when leaves change color and the federal government tells you how much more Medicare will cost you next year. The Bureau of Labor Statistics (BLS) says that 13% of spending by the typical senior goes to healthcare. For 2024, folks with Original Medicare will see increases to all premiums and deductibles. Medicare [...]
2023 Standard Deduction and Tax Rate
It won’t be long before you’ll be fussin’ and cussin’ again as you gather all the tax information needed to step back in the ring with the IRS on April 15th. The standard deduction and all tax brackets have been adjusted for the 2023 tax year. Here are the numbers that will be used to determine what you owe. [...]
Retirement Account Contribution Limits for 2024
You get to save more in your retirement accounts in 2024. The IRS has made its inflation calculations and announced the new adjusted contribution limits. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan increases to $23,000, up from $22,500 in 2023. For individuals 50 and older, the [...]
Don’t Miss These Year-End Financial Moves to Make Right Now
It seems like we just rang in the new year and here we are almost at the end of 2023. My dad told me the older I got, the faster things would go, and he wasn’t wrong. So, with the time left before the end of the year, there are some financial matters you need to attend to before you [...]
2024 Social Security Cost of Living Adjustment
There are two important days every year for people on Social Security—the day they find out how much their checks will go up because of the annual Cost-of-Living-Adjustment (COLA), and the day they start getting the extra money. October is the month they find out how much. Automatic Social Security Cost-of-Living Adjustments have been in effect since January 1, [...]
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