Nov 14, 2016 | Retirement
The Centers for Medicare Services announced on Thursday the changes that will go into effect for Medicare recipients for 2017. First the Part A deductible will be increasing by $28 from $1,288 to $1,316 and the Part B deductible will be increasing by $16 from $166 to...
Oct 31, 2016 | Retirement
If you work for an employer who doesn’t withhold Social Security taxes from your salary, such as a government agency; e.g. City of Philadelphia, any pension you get from that work can reduce your Social Security benefits. The Windfall Elimination Provision (WEP) can...
Oct 13, 2016 | Retirement
We have a number of clients in the DROP plan (Deferred Retirement Option Plan), or those that have retired and taken their funds out. You have a number of things to consider as you plan for your retirement. If you decide to take a distribution of the funds you will...
Jul 14, 2016 | 401(k), Retirement
When you change jobs and abandon vested amounts in your 401(k), your former employer has to follow IRS rules and plan provisions for dealing with your account balance. Pursuant to these guidelines, the 401(k) plan may have a “force-out” provision. That...
