Posts by Chelsie Smith
Medicare 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 MoreCongratulations, Gunnar!
We would like to take a moment to congratulate Gunnar Harrison on moving into the role of Associate Advisor! He will begin working with clients under the direct supervision of their current advisors. Gunnar started working at Leonard Rickey Investment Advisors in August 2021 as a paraplanner. He graduated from Central Washington University in 2019…
Read MoreFAFSA Changes Coming
Written by Guest Contributor: Brady Woodford along with Chelsie M. Smith, CFP® What is FAFSA? Started in 1992, the Free Application for Federal Student Aid (FAFSA) is a form the federal government provides for upcoming and returning college students to apply for financial aid. FAFSA provides students and families with fixed-rate federal loan options or grants…
Read MoreEmployee Spotlight: Susan Van Tress
This month we are highlighting Susan Van Tress, our Chief Operations Officer. Susan has been with Leonard Rickey Investment Advisors for 23 years and works out of our Richland office. Get to know more about Susan below! If you could pick any superpower, what would it be and why? I would have the power to…
Read MoreEmployee Spotlight: Molly Hoff
If you haven’t had a chance to get to know Molly in our Yakima Office, here is your chance to learn some fun facts about her. She has been with Leonard Rickey Investment Advisors since 2005! Thank you for all you do! Q: What do you love most about your job? A: The people…
Read MoreWhen do I start my Required Minimum Distribution?
The Required Minimum Distribution (RMD) from an IRA or Employer-Sponsored retirement account began at age 70.5 for many years. It was then increased to age 72, then to age 73, and for some to age 75. So, the question remains for some; at what age will I start my Required Minimum Distribution? Below is a…
Read MoreUPDATE: Washington State Long Term Care Payroll Tax
A new payroll tax set to begin in 2022 to help fund Long Term Care for Washington residents was delayed 18 months. The WA Cares Fund is intended to provide some Long-Term Care benefits to residents and is funded by a .58% payroll tax. It is now set to begin in July 2023. Exemptions Workers…
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