Get In Touch
Tag: retirement
-
Retirement Savings Tips: Stop Worrying and Start Saving | PA Employee Benefits Group
According to most retirement savings statistics, saving for retirement is something a lot of people put on the backburner. Until it is too late, that is. For some people, the reason is that they are simply living paycheck to paycheck, so there isn’t much left to put aside. Others have some leftover money after covering…
-
IRS Announces 2022 Retirement Plan Contribution Limits | Pennsylvania Benefits Agency
On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022. Many pension plan limits will change next year because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other items, however, will not…
-
The ABC’s of Medicare | Pennsylvania Benefits Agency
Trying to figure out Medicare can be one of the most frustrating aspects of retirement. Even the savviest of retirees struggle with figuring out when to enroll and which parts to enroll in – there’s Part A, Part B, Part C, Part D, Medigap plans and so on. And, what in the world is a…
-
3 Reasons You May Still Need Life Insurance as You Head Toward Retirement | PA Benefit Advisors
Let’s be realistic. If you have an adequate investment and pension portfolio; if you have made provisions for your health care costs; if you have no one relying on you for financial support, maybe, just maybe you can afford to retire. Did you know that a healthy 65-year-old man has a life expectancy of 87…
-
Do You Need Life Insurance When You Retire? | PA Benefit Advisors
Once you hit 65 and retire, you don’t need life insurance, right? Not so fast! The traditional thinking about life insurance is that you only need it when you have an income to protect, when you have a mortgage or when you have kids to support. And while it’s true that having life insurance after 65…
-
IRS Announces 2017 Retirement Plan Contribution Limits | PA Benefit Advisors
On October 27, 2016, the Internal Revenue Service (IRS) released Notice 2016-62 announcing cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Many pension plan limitations will not change in 2017 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.…
-
Financial Goals For Every Decade Of Your Life | PA Financial Advisors
For most people, becoming an adult means hitting major milestones like finishing college, getting married, having children and buying a home. While everyone isn’t on the same path, setting financial targets can help you achieve your personal goals — whatever they may be. Here are 12 tips for making sure they become a reality: Financial…
-
The FLSA Overtime Changes and Their Impact on Employee Benefits | PA Benefit Advisors
Most employers should be reviewing payroll budgets and job descriptions to ensure that changes to salaries and job classifications are all in order by the December 1 deadline based on the new overtime exempt salary threshold and other final rule changes to the Fair Labor Standards Act (FLSA). Another area that will be impacted by…
-
4 Ways to Get Financially Fit in Your 40s | Pennsylvania Employee Benefits
By Erica Oh Nataren www.lifehappens.org Many people in their 40s are facing an uncomfortable fact: They simply aren’t where they’d hoped to be financially. Fortunately, all their life experience can help correct for past mistakes. “There’s a different trigger moment for everybody,” says Jay Howard, financial advisor and partner at MHD Financial in San Antonio,…
-
Who Is a Fiduciary? | Benefits Broker Pennsylvania
Abridged from www.thinkhr.com Under the rule, a person is a fiduciary if he or she receives compensation for providing advice with the understanding it is based on the particular needs of the person being advised or that it is directed to a specific plan sponsor, plan participant, or IRA owner. Such decisions can include what…
Blog