Posts by Chelsie Smith
Important Ages for Retirement Accounts
If you are over age 72 and have an IRA account, you are probably required to take a distribution (RMD) this year. If you inherited an IRA account, you might be required to take a distribution regardless of age. If this applies to you and we don’t have a planned distribution, we will contact you…
Read MoreCongratulations, Dirk!
We want to congratulate one of our Advisors, Dirk Bernd, who has been a very involved member of his Rotary Club of Yakima Southwest since 2011! He has officially taken on the role as the current Rotary Club President. He’ll be club president from July 1st 2022 until June 30th 2023. He’s shown here with…
Read MoreDo I Need to Start Making Federal Estimated Income Tax Payments?
If you ask yourself this question, we have a flow chart to help you determine if you need to start making federal estimated income tax payments. Federal estimated income tax payments need to be made quarterly based on that quarter’s earnings. You may be subject to a tax penalty if you don’t pay quarterly. You…
Read MoreWhat is the SilverSneakers Program?
Are you looking for a senior fitness program? If you have a Medicare Advantage or Medigap plan, your health insurance may include a free fitness membership for adults 65+ called SilverSneakers. A SilverSneakers membership includes access to roughly 15,000 recreation centers, churches, senior communities, and other neighborhood locations across the nation. You’ll get access to…
Read MoreSeries I Savings Bonds Currently Earning 9.62%
Series I Savings Bonds (also called I-bonds) are currently earning 9.62%. The rate is determined in part by inflation, and changes every six months. The interest is tax-deferred until redeemed. If you have extra cash on the sidelines over your “rainy-day fund”, consider purchasing I-bonds to help your money keep up with inflation. These bonds…
Read MoreImportant Change Regarding your E-Delivery Preferences
Beginning with your July 2022 statements, TD Ameritrade Institutional will require clients to establish a user ID and password on the web or via mobile on AdvisorClient® and log in to maintain your enrollment in electronic delivery of statements, confirms, and any other communications. What this means for you There will be no impact if…
Read MoreCommunity Involvement: West Valley Dollars for Scholars
Leonard Rickey Investment Advisors has deep roots in the community. We support local organizations, including West Valley Dollars for Scholars. Last month, our fine team of golfers participated in the West Valley Dollars for Scholars annual fundraiser. If you would like to learn more about West Valley Dollars for Scholars or learn how you can…
Read MoreStudent Loan Update
Moratorium Extended President Biden extended the student loan moratorium to August 31, 2022. This is the seventh extension and gives the over 43 million student loan borrowers a little more time to push off repayment of their loans without accruing any interest. While this is a short extension, there has been talk of extending into…
Read MoreReframing Your Resolution Mindset
Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to such self-promises … life gets busy, our motivation fades, and before you know it, the year is half over, and your goal is no closer than when you started. If you’ve found yourself in a…
Read MoreUnclaimed Property and Retirement Benefits
Unclaimed Property According to the National Association of Unclaimed Property Administrators, 1 in 10 has unclaimed property, and over $3 billion is returned each year. Unclaimed property can include uncashed paychecks, checking and savings accounts, stock, safety deposit box contents, insurance payments, etc. To search for your unclaimed property, follow these steps: Access the website:…
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