If you’re planning to retire, or have already retired, it is important to understand the effects of your financial decisions on the Medicare premium calculations. Not everyone pays the same amount in Medicare premiums and your financial decisions play an important part in calculating the premiums.
New tax legislation, the Tax Cuts and Jobs Act of 2017 (TCJA), was signed into law on December 22, 2017. It is the largest tax overhaul in 30 years. TCJA eliminated or modified numerous tax provisions starting in 2018.
2019 is a new year and a great time to evaluate your long-term financial goals.
Changes coming in 2019 for Social Security. The cost-of-living-adjustment or COLA will be increasing 2.8% for 2019.
The IRS announced earlier in November that they are increasing the retirement limits for individuals and families. This is great news for savers, planning for their retirement.