Everyone knows about inflation, right? It's causes the prices of things to go up over time. When you're in your working and saving years, this isn't a huge deal and isn't always very noticeable. Why is that? Because while you're working, your pay is most likely going up every year, often at a rate greater…
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What You Should Know Before Collecting Social Security
This was a great post on Yahoo! Finance today by Alyssa Pry. Are you getting close to retirement and itching to take your Social Security benefits? You may want to wait. The bottom line is: waiting longer to start drawing your benefits pays. And it seems more people are clued into this fact. According to…
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Medicare Premiums Going Up In 2016
The Wall Street Journal just published this article today. Great info about upcoming Medicare premium increased for higher income earners. Unless the U.S. Department of Health and Human Services intervenes, some Medicare beneficiaries will face a steep increase in their 2016 premiums, even as the vast majority of Medicare recipients pay no increase at all.…
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401K Contribution Limit For 2013
Get ready to save some more money! For the second year in a row, the IRS has increased the 401K contribution limit by $500. In 2013 the 401K contribution limit will be $17,500, pre-tax. For 2012 the limit was $17,000, pre-tax. Of course, your 401K contributions come out of your paycheck before you have taxes taken out. This…
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