November 5, 2018

The Internal Revenue Service last week announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Below is the highlights provided by the IRS of the changes.

The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal...

July 23, 2018

If you feel like you have been inundated with fake calls and emails lately, you are hardly the only one. Unfortunately, phishing and phone scams have increased dramatically over the last year and everyone, from the IRS to Schwab, is issuing warnings to be on the lookout. Sadly, individuals have already fallen prey to millions of dollars o...

November 3, 2017

The IRS has issued updated retirement limits for 2018. IRA contribution limits will remain the same but there will be a slight increase for salary deferral vehicles. However, many of these limits could significantly change if tax reform materializes later this year. We will continue to monitor the situation as it unfolds in Congress and p...

October 10, 2017

This week I received several phone calls from an unknown number. As soon as I answered, an automated message informed me, in broken English, that I owe additional taxes and that a warrant was out for my arrest. Fortunately, I am highly skeptical of any phone calls from an unknown number and, after a quick google search, was reassured that...

October 26, 2015

The IRS has released the updated contribution limits for 2016 and they look almost exactly like the 2015 limits. While we always like to see a steady increase in the limitations, this reflects what has been a relatively low inflation year. Regardless of the size of the increase, it represents an opportunity to begin planning for next year...

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