Month: November 2018


November

2018

Black Friday

With the recent downturn in the stock market we thought it would be nice to look at something a little lighter – Black Friday.  For some, this day is full of strategy and planning – which deals are the best, who offers the early deals and what order should we go to the stores.  Are we going to have enough time to eat?  For others, Black Friday is just too much to handle and they stay in their homes as far away from the stores and traffic as possible.  This article takes a lighter look at Black Friday and even offers some survival tips. 11.20.18

Retirement Contributions Increase for 2019

News came out yesterday that individuals will be able to contribute more to their retirement accounts in 2019.  The limit for 401(k), 403(b), and 457 plans increased by $500 to $19,000.  The catch-up provision for individuals age 50 or over remains the same at $6,000.  This means that individuals age 50 or older can contribute a total of $25,000 into their retirement plans.  The IRS is also lifting the amount for Individual Retirement Accounts (IRA’s) by $500 to $6,000 per year.  Individuals age 50 or older can contribute an additional $1,000 as a “catch-up” for a total of $7,000. 11.2.18