Worried about saving enough for retirement? You can put away more next year. The IRS has just announced the new retirement plan contribution limits for 2023.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan increases to $22,500, up...
Not long ago I told you about a new trend among recent retirees; they are un-retiring. According to the Bureau of Labor Statistics, the number of retirees in the U.S. jumped from 28.3 million in February 2020 to 31.6 million in October 2021.
But record-high inflation changed the hopes and...
If you want to stay warm this winter you have two options—pay a lot more for fuel or wear a lot more clothes. It’s not because winter is supposed to be especially cold or harsh. It’s because of record-high inflation that just won’t go away.
According to the Bureau of...
I remember years ago at a previous employer, several of us left for new jobs within a few weeks of each other. On a whiteboard, we drew a picture of a sinking ship in the ocean and a rat swimming to an island in the distance. Every time someone...
The IRS wants its tax money and it wants it now. Even if you pay all the taxes you owe when you file your tax return for the year, you’ll be charged an underpayment penalty if you didn’t pay enough taxes during the year.
The provision to hire 87,000 new...
Alhambra's Bob Williams highlights pitfalls to watch out for when signing up for Social Security.
As expected, the Social Security Administration has announced that the 2023 Cost of Living Adjustment (COLA) will be the largest COLA in 42 years, brought on by rampant inflation not seen in more than four decades.
Social Security benefits increase automatically if the Consumer Price Index (CPI-W) which measures price...
Here we are again in the final quarter of the year when thoughts turn to Thanksgiving and Christmas and… reviewing your financial house. Oh, that’s not on your list? Well, let’s put it there because financial issues cannot be on automatic pilot. Things change and you need to keep...
Well, here’s a shocker—the cost of healthcare is getting more expensive all the time—much more. And with the highest inflation rate in forty years draining people’s purchasing power, more Americans are finding it harder to pay their medical bills too. It wasn’t much easier in 2021. The Kaiser Family...
Not long ago, I wrote about those ubiquitous Part C Medicare Advantage TV ads that show up faster than a telemarketer can dial the phone. Well, the federal government has gotten so many complaints about MA ads that the rules governing them change beginning January 1, 2023.
The Senate Finance...