Your Medicare and IRMAA

This week, some Medicare beneficiaries will receive a letter from the Social Security Administration, letting them know that because of their income, they will pay more for Medicare next year. Since 2007, Medicare beneficiaries whose income exceeds $85,000 for...

Bunching Your Deductions

In a previous post, we highlighted the fact that the 2017 tax law may affect the ability of some taxpayers to receive a tax deduction for their charitable donations, because the law (a) eliminated or reduced many deductions previously available, and (b) significantly...

Intel’s SERPLUS Election Window is Open

Every year at or near the beginning of November, certain Intel employees are provided the opportunity to participate in the company’s deferred compensation plan, called SERPLUS. It should be noted that, technically speaking, a deferred compensation plan can refer to...

2019 IRS Retirement Plan Limits Announced

The 2019 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2019. If you are an employee and a retirement plan participant, be sure to contact your employer as soon as possible if you wish to change your...