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Why No One Likes IRMAA: Medicare’s Stealth Tax Targets Higher Income Retirees

We’ve gotten more than a few calls this week from clients about those nasty Medicare premium hikes. Specifically, we’re talking about increases in your Medicare premiums because the government says you made too much money. Here’s the scoop: All about IRMAA We’re talking about IRMAA (Income Related Monthly Adjustment Amount), which is an extra charge added […]

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Are You Saving Enough? New Retirement Limits For 2019

Did you know that the amounts you can contribute to your IRA, Roth IRA, SEP, SIMPLE or 401(k) will increase starting January 1, 2019? If you make periodic payroll or monthly contributions to your retirement accounts, you’ll need to adjust your savings amount before January 1, 2019 to reflect the higher limits. The Takeaway: Longer […]

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Savings Geeks, Get Ready To Do The Happy Dance! You Can Save More In Your 401(k) And IRA In 2019

Savings geeks (like us), prepare to do the happy dance. If you like to save on taxes, we’ve got great news for you. You can save and deduct more in your 401(k) and IRA next year. Here’s the new amounts for 2019: 401(k): $19,000 ($25,000 if age 50 or over in 2019) IRA or Roth […]

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10 Hottest Markets For Vacation Homes

Daydreaming at work about that perfect getaway? Maybe it’s a cabin in the mountains, or a bungalow on the beach. If it’s a vacation home you’re looking for, proceed cautiously. That blissful dream of a second home can all too easily morph into a nightmare scenario if costs get out of hand. It’s amazing how […]

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Take A Deep Breath. Market Pullbacks Are Normal.

Last week’s sudden market decline probably took more than a few investors by surprise. So perhaps this is a good time to remind everyone that market pullbacks are normal occurrences, taking place about once per year on average. (See our previous article Don’t Turn Market’s Temporary Pullbacks Into Permanent Losses.) It’s hard not to react emotionally […]

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Quote Of The Week: Break This Retirement Rule And You’ll Be Eating Alpo

You’ve probably heard of the 4% withdrawal rule, right? Based on research, most financial planners and retirement experts think you can withdraw roughly 4% of the value of your portfolio each year and spend it. Withdraw more, and you risk running out of money before you run out of life. (We use a modified 4% rule in our practice, with […]

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What Women Execs Think About Work & Diversity In South Florida

I attended an outstanding roundtable discussion last week featuring four of South Florida’s high-powered female executives, like (featured left to right in the photo) Suzanne Ferguson, General Counsel at Hotwire Communications; Margaret Nee, Manager of Real Estate Transactions at Baptist Health; Caroline Fleischer, Managing Principal at Cresa; and Andrea Schliessman, Senior Direction of Learning & […]

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Social Security Recipients To Get Bigger Inflation Hike In 2019

A 2.8% inflation adjustment might not seem like a lot, but compared to previous years, it’s an epic leap. If you receive Social Security benefits, that 2.8% increase is the Cost of Living Adjustment (COLA) you’re likely to get in 2019. If that seems skimpy, just realize it would be the biggest inflation hike since […]

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Giving Smarter: Using Your IRA To Make The World A Better Place

You may be like several of our clients who enjoy making charitable gifts. In the last few months, we’ve helped clients make generous donations to a number of programs benefitting colleges and universities, scholarship programs for working students, and international education organizations. To all of you who have made donations or who have helped good causes […]

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Small Business Owners: Act Fast To Open “SIMPLE” Retirement Plans

If you are a small business owner with no retirement plan in place, you have until October 1 to cut your tax bill and play retirement catch-up by setting up a SIMPLE-IRA retirement savings account for 2018. Opening a plan by the deadline will let you contribute and deduct a full year’s retirement contribution for 2018. […]

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