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Retirement Planning

Maxing Out Your Retirement Contributions

How much can you contribute to a retirement account for 2018? What are the contribution deadlines? Below you’ll find a summary of contribution limits and deadlines for the 2018 tax year.

The Largest Social Security COLA in 5 Years!

Every October, the Social Security Administration announces whether there will be a Cost-of-Living-Adjustment (COLA) to Social Security Benefits for the upcoming year.

The Cost of Medicare Part B

Medicare started in mid 1965 when President Lyndon B. Johnson signed legislation which introduced healthcare coverage for seniors (age 65 and older). During that first year, 19 million individuals signed up for Medicare. In 2015, 55.5 million people received health coverage through a Medicare program.

Medicare has several subsets that makes up the whole:

California Taxes: How bad are they, really?

California, also known as the Golden State. There are many wonderful things about California. We have fantastic weather, scenery, and boast some of the great industries in the country (agriculture, technology, and so on).

However, high taxes are not so wonderful. California is typically known as a bottom dweller as far as tax friendliness goes.

Making Your Money Last in Retirement

Assume the year is 1999, and you recently retired. You have your money invested in a balanced portfolio of stocks and bonds, and you start a distribution from your investment accounts to supplement your retirement income. How long will your money last?

To Roll or Not to Roll? Your Guide to Employer-Sponsored Rollovers

While working, most individuals save for retirement through employer sponsored plans such as 401(k)s, 403(b)s, or 457(s).

Can My Spouse Contribute to an IRA?

I call it Retirement Limbo. When one spouse is retired and the other is still working those last couple of years. Either waiting to qualify for Medicare, they enjoy their job, or just not quite ready to put their career hat on the shelf. For those years, many taxpayers miss out on an extra deduction that they didn’t know they could have.

How One-Time Expenses Can Impact Your Retirement

As we explained in a previous post, keeping your account withdrawals modest in retirement is essential to maintaining your financial strength. As you budget out your expenses, here are a few one-time items that you should keep in mind.

Some of the common expenses we see include:

How Long Will Your Money Last?

One of the most common questions we receive from clients is how much money can safely be withdrawn from an investment account without eating into principal? Of course, your specific financial needs and goals will impact when and how much you withdraw from your accounts.

Maxing Out Your Retirement Contributions

How much can you contribute to a retirement account for 2015? What is the contribution deadline? Below you’ll find a summary of contribution limits and deadlines for the 2015 tax year.

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The financial consultants at Veater Financial Group are registered representatives with, and securities and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.

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