Posts by Chelsie Smith
Welcome, Quentin Rickey!
All of us at Leonard Rickey Investment Advisors want to welcome and introduce our newest member of the team, Quentin Rickey! Quentin started working at Leonard Rickey Investment Advisors in December 2024. He graduated from Gonzaga University in 2022 with a bachelor’s degree in business administration in Accounting and Finance and in 2023 with a…
Read MoreSummary of 2025 Key Financial Changes
Social Security recipients are getting a 2.5% increase in their 2025 benefits. The Medicare Part B premium is increasing from $174.70 to $185.00 per month. The annual exclusion for gifts increases to $19,000 from $18,000 per year per individual. The limitation on deferrals for 401(k), 403(b), and most 457 plans is increased to $23,500 for…
Read MoreThe Tax Cuts and Jobs Act (TCJA) and Potential 2026 Tax Changes
The current tax code enacted in 2017 by the first Trump administration is called the Tax Cuts and Jobs Act and is scheduled to sunset in 2025. This means that starting in 2026, we will revert to the pre-Tax Cuts and Jobs Act tax code unless some or all the provisions extended. We could get…
Read MoreSchwab 1099 Release Dates for 2024
Schwab uses a phased approach to get tax forms out quickly and minimize corrections. All original tax forms will be available between January 31, 2025, and February 28, 2025. 1099 Composites for Brokerage accounts will be available on the following dates depending on the holding in your account: January 31st February 14th February 28th 1099-R…
Read More2024 Year-End Tax Planning
The window for many tax-saving opportunities closes on December 31st. It’s important to evaluate your tax situation while there’s still time to affect your bottom line for the 2024 tax year. Your specific circumstances should be considered, so please reach out if you have any questions. Charitable Contributions There are a couple of ways to…
Read More2024 Turkey Trot
Leonard Rickey Investment Advisors is proud to be a sponsor of the 2024 Turkey Trot 5k Fun Run to support the Yakima Greenway and Camp Prime Time! You can find out more information and register for the event here!
Read MoreOur Fall Favorites!
Happy Fall! We asked our team to answer a fall themed question to share some of our favorite fall things with you. We hope you are enjoying this season, and we wish you a Happy Thanksgiving! Ben: Where would you want to travel during Fall? Mountains around Leavenworth are stunning in the fall. Joy: What…
Read MoreShreds & Meds Day Yakima – October 26th
MARK YOUR CALENDARS! The next Shreds & Meds event will be Saturday, October 26th from 9am-1pm at the Yakima Chamber of Commerce 10 N 9th St Yakima, WA 98901. Leonard Rickey Investment Advisors is helping to Sponsor the Yakima Shreds and Meds Day. We invite you to participate and safely dispose of statements, old tax…
Read MoreHealth Insurance Open Enrollment Season Begins
It’s the time of the year to review your health insurance coverage for 2025. No matter where you get your insurance – Medicare, the marketplace, or a group plan, you will likely have some decisions to make. MEDICARE Open Enrollment for 2025 Begins October 15th Medicare beneficiaries can make new choices and pick plans that…
Read MoreSocial Security Benefits Increase by 2.5% for 2025
Starting in January 2025, Social Security beneficiaries will receive a 2.5% cost-of-living adjustment (COLA) designed to help benefits keep pace with inflation. The adjustment is based on the Consumer Price Index, reflecting changes in the cost of goods and services over the past year. In addition, the maximum amount of earnings subject to Social Security…
Read More