Social Security

A New Legal Proposal Will Harm Medicare Prescription Drugs

A New Legal Proposal Will Harm Medicare Prescription Drugs

Several senators are drafting legislation to fix the prices of Medicare prescription medications as negotiations on their tax and spending bill. As Senators are working on a legislative proposal to h...

savings

The IRS To Change Its Guidelines For Inherited IRAs

The IRS To Change Its Guidelines For Inherited IRAs

It has become more difficult to determine the most efficient way to navigate the tax impact of inheriting individual retirement accounts since the Internal Revenue Service proposed new rules in February.  In February, the Internal Revenue Se...

Business

How Profit-Sharing Plans Benefit Both You and Your Employer

How Profit-Sharing Plans Benefit Both You and Your Employer

Sharing wealth is a great way to motivate employees. Profit sharing is a popular addition to 401(k) plans, along with bonuses, raises, and other perks. Profit-sharing plans are employer-sponsored ret...
Tips For Leaving An Inheritance

Tips For Leaving An Inheritance

It is common for us to want to leave something behind to our heirs, and we must first fund our own lives in retirement, which can sometimes seem impossible.  According to an Ameriprise Financ...
You should know these things about the COLA for 2023

You should know these things about the COLA for 2023

Social Security is a significant source of income for tens of millions of U.S. seniors. As inflation increases, retirees have a more challenging time keeping up with their expenses.  As a res...
Do you Qualify for a Saver’s Credit?

Do you Qualify for a Saver’s Credit?

A saver's credit may be available to low- and moderate-income workers who save for retirement in a 401(k) or individual retirement account. Contributions to a traditional retirement account can earn ...

Health

401k