Blog Retirement Planning

Medicare Open Enrollment for 2023 Begins October 15th

By Chelsie Smith / October 14, 2022 / Comments Off on Medicare Open Enrollment for 2023 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…

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Social Security Benefit Increase of 8.7% for 2023

By Chelsie Smith / October 14, 2022 / Comments Off on Social Security Benefit Increase of 8.7% for 2023

Starting January 2023, Social Security beneficiaries will receive a 8.7% cost-of-living adjustment (COLA). The COLA is the largest since 1981, according to the Social Security Administration data. 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…

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The Huge Cost of Doing Nothing

By Matt Hargreaves / September 15, 2022 / Comments Off on The Huge Cost of Doing Nothing

One of the biggest decisions when transitioning into adult life is when to start saving.  Putting off savings till later comes with a cost of waiting.  Cost of waiting describes the opportunity cost when an individual decides to wait before beginning to save money.  This cost can result in a smaller portfolio at retirement, larger…

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Student Loan Update

By Chelsie Smith / April 14, 2022 / Comments Off on Student 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…

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Unclaimed Property and Retirement Benefits

By Chelsie Smith / March 17, 2022 / Comments Off on Unclaimed 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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Medicare Open Enrollment for 2022 Begins October 15

By Susan Van Tress / October 14, 2021 / Comments Off on Medicare Open Enrollment for 2022 Begins October 15

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 15 and runs through…

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Taking Advantage of Employer-Sponsored Retirement Plans

By Susan Van Tress / March 19, 2021 / Comments Off on Taking Advantage of Employer-Sponsored Retirement Plans

Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating in it, you should be. Once you’re participating in a plan, try to take full advantage of it.  Understand your employer-sponsored plan  Before you can take advantage…

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Time is Running out for the SIMPLE Retirement Option

By Ben Rickey / September 26, 2017 / Comments Off on Time is Running out for the SIMPLE Retirement Option

Time is Running out for the SIMPLE Retirement Option  Are you considering starting a retirement plan for your small business?  Have under 100 people and want to make it easier to get them enrolled?  Then you only have a couple of days left to establish your SIMPLE Retirement plan.  They must be established by October…

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Train for Your Financial Success

By Michelle / August 17, 2016 / Comments Off on Train for Your Financial Success

The 2016 Summer Olympic Games conclude this week in Brazil. Whether or not the athletes walked away with a medal, just getting to the Olympics takes years of hard work and something that’s been called the “Olympic Mind Set”. This mindset includes embracing healthy living, seeking success, and believing in themselves. It also includes a…

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2016 Changes Coming to Social Security and Medicare

By Ben Rickey / December 18, 2015 / Comments Off on 2016 Changes Coming to Social Security and Medicare

The budget bill signed by President Obama in November included significant changes to the Social Security program. The changes have left many pre-retirees scrambling to make sense of the new rules. Here’s a breakdown of some of the changes coming: The Good News *No COLA. Existing Medicare beneficiaries won’t see an increase in their Medicare Part…

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