Retirement Plan Contribution Limits & Other Tax Changes for 2022
Every year the IRS reviews a variety of retirement plan contribution limits and other important fiscal boundaries. Here’s a list of changes made effective January 1st, 2022. Item 2021 2022 401(k) Employee Max $19,500 $20,500 401(k) Catch Up $6,500 $6,500 401(k) Total Max $58,000 $61,000 HSA (Individual) $3,600 $3,650 SIMPLE IRA $13,500 $14,000 SIMPLE IRA […]
More than just an investment firm
At Rockbridge, we believe that the role of an investment advisor is changing, and investors should be expecting more from their advisors than they have in the past. With options like Vanguard, robo advisors, and all the other investment-only solutions popping up each day, it’s clear that advisors who focus solely on investment management are […]
A Simple Guide to Medicare: Supplement vs. Advantage Plan
Most Americans are overwhelmed with the array of options when searching for health insurance coverage in addition to Medicare Part A and B. Before answering a common question people ask regarding Medicare, it probably makes sense to explain the different components: Medicare Part A: If you paid Medicare taxes while employed (most people do), there […]
Medicare: How do I evaluate additional coverage?
Medicare Advantage, Medicare Supplement, Medigap. Let’s get specific about which coverage to choose. Medical insurance is not like any other insurance you have. Some common insurances, like home owners and auto, may be required by lenders and or state authorities, but you hope you never have to use it. You really have little choice on […]
Planning for Medicare – Part Deux
The new 2012 Medicare & You booklets have been mailed and Medicare eligibles are receiving mailings from insurers daily about their products. This booklet contains over 150 pages of details about Medicare and the related Medigap and Medicare Advantage plans. Here are some of the key things to consider when choosing coverage for 2012: Medicare […]
Social Security and Medicare Decisions on the Horizon for Baby Boomers
Two of the biggest concerns for aging baby boomers are longevity risk (i.e., not outliving your money) and rising healthcare costs. Social Security and Medicare are programs that we all pay into and expect to partially address these concerns. Social Security is often a cornerstone of a well thought-out retirement plan. It is adjusted for […]
Planning for Medicare
Why would an investment advisor’s website contain a blog about Medicare? The cost of health care is an increasingly important piece of retirement planning, and it is a shock to many who have been covered under an employer plan that is often subsidized by the employer, sometimes at 100%. Most employers either reduce the subsidy […]