Posts by Chelsie Smith
Welcome, Liz Stokes!
All of us at Leonard Rickey Investment Advisors want to welcome and introduce our newest team member, Liz Stokes. Liz is part of our awesome client services team in our Yakima office. We asked Liz to tell us a little about herself below: Share a picture of something important to you and why it is…
Read More2024 Key Financial Changes
Social Security recipients are getting a 3.2% increase in their 2024 benefits. The Medicare Part B premium is increasing from $164.90 to $174.70 per month. The annual exclusion for gifts increases to $18,000 from $17,000 per year per individual. The limitation on deferrals for 401(k), 403(b), and most 457 plans is increased to $23,000 for…
Read More2023 1099 Release Information
Charles Schwab and TD Ameritrade Charles Schwab and TD Ameritrade will be releasing 1099s in waves beginning Mid-January. If you started 2023 with your accounts at TD Ameritrade and now have Charles Schwab accounts, you will most likely receive multiple 1099s. TD Ameritrade and Charles Schwab forms will be available through your Charles Schwab login.…
Read MoreEmployee Spotlight – Jacqueline Cremen
Jacqueline (Jackie) Cremen has been with Leonard Rickey Investment Advisors since February 2021 as a Client Service Representative. She started in our Richland office but now works remotely. You can learn some more about Jackie below: What do you love most about your job? What I love the most is the collaboration everyone in LRIA…
Read More2023 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 2023 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 MoreShreds and Meds Day – October 28th at The Valley Mall
Mark your calendars! The next Shreds & Meds event will be held on Saturday, October 28th from 9-1 at The Valley Mall (next to the old B of A building) in coordination with the semi-annual DEA Drug Take-Back event. Please join us and our partners, Safe Yakima Valley and the Yakima Sheriff’s Office, to safely…
Read MoreMedicare Open Enrollment for 2024 Begins October 15th
Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open Enrollment Period — which begins on October 15th and runs through…
Read MoreSocial Security Benefit Increase of 3.2% for 2024
Starting January 2024, Social Security beneficiaries will receive a 3.2% cost-of-living adjustment (COLA). The adjustment is calculated based on inflation as measured by the Consumer Price Index. The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $168,600 from $160,200. Social Security beneficiaries are normally notified by mail or through…
Read MoreDo I Need Disability Insurance?
In the US, there are 51 million working adults without disability insurance. Loss of income due to disability is a risk that should not be overlooked. If you lose your income suddenly, are you prepared? Perhaps you could live off your emergency fund for 3-6 months but what about after that? Losing your income with…
Read MoreEmployee Spotlight: Dirk Bernd
This month we are highlighting Dirk Bernd. Dirk has been with Leonard Rickey Investment Advisors for almost 8 years and works out of our Yakima office. Get to know more about Dirk below! Share a picture of something that is important to you. Why is it important to you? Pretty easy one, my family. Here’s…
Read More