It’s a difficult question without an easy answer. For many, income security in retirement depends upon getting the answer right. Employers have been fazing out pension programs for many years now, replacing them with 401(k) and similar employee-contribution type plans. Many of these fazed out pensions were frozen, leaving participant employees eligible to receive at […]
https://www.thomasdelpup.com/wp-content/uploads/2018/11/photodune-22804955-business-casual-team-working-on-graphs-xxl.jpg23105319Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-02-25 13:20:422019-02-25 13:20:44Frozen Pension Benefit – Do You Take the Lump Sum?
According to a recent story in the Boston Globe, Marcelle Harrison’s family has lived in a three-story home in Cambridge, Massachusetts for almost 40 years, during which time four generations of her family have lived. She and her family (two generations worth) may have to vacate the home because her stepfather died intestate (without a […]
https://www.thomasdelpup.com/wp-content/uploads/2019/02/photodune-23085009-business-realtor-and-real-estate-concept-handtohand-key-from-new-home-xl.jpg21043741Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2019-02-15 15:10:332019-02-15 15:17:47The Law of Unintended Consequences – and Failure to Plan.
“And there were in the same country shepherds abiding in the field, keeping watch over their flock by night. And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid. And the angel said unto them, ‘Fear not: for, behold, I […]
There is good news for those of you who are actively saving for retirement. The IRA contribution limit, presently $5,500 for 2018, will increase to $6,000 for 2019. If you are age 50 or older in 2019, you can add an additional $1,000 to your IRA, for a total contribution of $7,000 for 2019. The […]
https://www.thomasdelpup.com/wp-content/uploads/2018/11/photodune-22804955-business-casual-team-working-on-graphs-xxl.jpg23105319Tom DelPuphttps://www.thomasdelpup.com/wp-content/uploads/2014/08/thomasjdelpup-lg-v3.pngTom DelPup2018-11-21 11:35:352018-11-21 11:44:34Retirement Savers Get a Boost – IRA Contribution Limits Increased for 2019.
The rules governing IRA accounts are maddeningly complex, especially the rules for inherited IRAs. I was working with a client on an issue involving the control of an inherited IRA account when I was reminded of a case that shows just how easy it is to make a mistake that cannot be fixed. Mrs. Beech […]
Frozen Pension Benefit – Do You Take the Lump Sum?
/in Financial Planning, Retirement Planning, Senior Living, UncategorizedIt’s a difficult question without an easy answer. For many, income security in retirement depends upon getting the answer right. Employers have been fazing out pension programs for many years now, replacing them with 401(k) and similar employee-contribution type plans. Many of these fazed out pensions were frozen, leaving participant employees eligible to receive at […]
The Law of Unintended Consequences – and Failure to Plan.
/in Asset Protection, Estate Planning, Probate, Real Estate, Uncategorized, Wills & TrustsAccording to a recent story in the Boston Globe, Marcelle Harrison’s family has lived in a three-story home in Cambridge, Massachusetts for almost 40 years, during which time four generations of her family have lived. She and her family (two generations worth) may have to vacate the home because her stepfather died intestate (without a […]
A Savior Is Born!
/in Uncategorized“And there were in the same country shepherds abiding in the field, keeping watch over their flock by night. And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were sore afraid. And the angel said unto them, ‘Fear not: for, behold, I […]
Retirement Savers Get a Boost – IRA Contribution Limits Increased for 2019.
/in Financial Planning, IRAs, Retirement Planning, Tax Planning, UncategorizedThere is good news for those of you who are actively saving for retirement. The IRA contribution limit, presently $5,500 for 2018, will increase to $6,000 for 2019. If you are age 50 or older in 2019, you can add an additional $1,000 to your IRA, for a total contribution of $7,000 for 2019. The […]
Costly IRA Rollover Mistake – Easily Made; Impossible to Fix.
/in Financial Planning, IRAs, Tax Planning, TaxesThe rules governing IRA accounts are maddeningly complex, especially the rules for inherited IRAs. I was working with a client on an issue involving the control of an inherited IRA account when I was reminded of a case that shows just how easy it is to make a mistake that cannot be fixed. Mrs. Beech […]