Social Security announced a benefits increase of 5.9% on October 13, 2021. This Cost-of-Living-Adjustment (COLA) will increase payments to both Social Security beneficiaries (typically retirees) and people on Supplemental Security Income (SSI). The increase will be applied beginning with beneficiaries’ January 2022 checks.
[Read more…] about Social Security Annual Cost of Living AdjustmentHow to Easily Monitor Your Credit
Why You Should Monitor Your Credit
There are many reasons to stay on top of your credit. The most obvious reason is to identify if someone has illegally accessed one of your accounts or possibly even stolen your identity. You should assume that your personal information is readily available to criminals.
[Read more…] about How to Easily Monitor Your CreditTen Financial Decisions To Make Before Retirement
Below are ten financial decisions you need to address before you retire. It is a good starting point for most pre-retirees but does not take into account your unique circumstances, lifestyle, or wishes. You will want to contact your financial advisor about specifics. Aim to revisit most of these plans on a regular basis throughout retirement.
[Read more…] about Ten Financial Decisions To Make Before RetirementOhio Doubles 529 Tax Deduction
Beginning in 2018, the state of Ohio has doubled the available tax deduction for residents contributing to College Advantage 529 plans. The previous deduction was $2,000, and now it will be $4,000 per year and per beneficiary for investments made to their 529 plan. Ohio’s plan is already one of the highest ranked in the nation, but this increase makes Ohio’s 529 plan more competitive.
[Read more…] about Ohio Doubles 529 Tax DeductionGuide To Choosing Between Procter & Gamble LTIP Stock Options and RSUs
Updated for 2018
You need to consider two criteria when deciding whether to take your Long-Term Incentive Program LTIP awards as stock options or as Restricted Stock Units (RSUs).
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