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Category Archives: Retirement
401(k) Contribution Limit Increases to $19,000 for 2019; IRA Limit Increases to $6,000
The following article was published by the IRS. The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Highlights of Changes for 2019 The contribution limit … Continue reading
Posted in Investing, IRS, Personal Finance, Personal Taxes, Planning Strategies, Retirement, Tax Deductions, Tax Tips, Taxes
Tagged 2019 401(k) contribution limits, 2019 IRA limits, Cozby & Company, Heather Cozby CPA, Plymouth MA CPA, Retirement Savings Contributions credit, saver's credit, Thrift Savings Plan
Year End Tax Planning Considerations For The Individual
Below are some important steps to keep in mind as we approach the 2019 tax season: 1. Higher-income earners must be wary of the 3.8% surtax on certain unearned income. The surtax is 3.8% of the lesser of: 1. NET … Continue reading
Posted in Charitable Organizations, IRS, Personal Finance, Personal Taxes, Planning Strategies, Retirement, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End
Tagged 0.9% additional Medicare tax, 3.8% surtax, accelerate deductions into 2018, bunching strategy for discretionary medical expenses and charitable contributions, Cozby & Company, deferring bonuses into 2019, long-term capital gains, make gifts sheltered by the annual gift tax exclusion, Plymouth MA tax preparer, taking RMDs, tax reform for individuals, year-end tax planning for individuals
Facts to Help Taxpayers Understand Individual Retirement Arrangements
The following article was published by the IRS. Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA … Continue reading
HSA + 401(k): Plan for a Healthy Retirement
A well-known, common retirement savings vehicle is the 401(k). This account allows future retirees to set aside money in a tax-advantaged way to pay for expenses in retirement. But will this 401(k) be enough for most people to pay for … Continue reading
Posted in Health Care, HSA, Personal Finance, Planning Strategies, Retirement
Tagged 401(k), Cozby & Company, Cozby & Company LLC, Cozby CPA, Healthcare, Heather Cozby, Heather Cozby accountant, Heather Cozby CPA, HSA, IRS, IRS.gov, personal finance tips, Plymouth CPA Heather Cozby, Plymouth MA accountant, Plymouth MA accountants, Plymouth MA bookkeeper, Plymouth MA CPA, Plymouth MA tax preparation, Plymouth MA tax preparer, Plymouth MA taxes, Retirement
How to Find a Job When You’re Retired
Looking for a job is a job in and of itself. But as we age, it is often assumed that finding a job gets even harder. This may be true if you are trying to complete with a younger demographic … Continue reading
Posted in Government, Retirement
Tagged Cozby & Company, Cozby & Company LLC, Cozby CPA, Heather Cozby, Heather Cozby accountant, Heather Cozby CPA, IRS, IRS.gov, personal finance tips, Plymouth CPA Heather Cozby, Plymouth MA accountant, Plymouth MA accountants, Plymouth MA bookkeeper, Plymouth MA CPA, Plymouth MA tax preparation, Plymouth MA tax preparer, Plymouth MA taxes, Retirement Jobs, Working in Retirement
Retirees with Pension Income Should Do a Paycheck Checkup ASAP
The following article was published by the IRS. Retirees should do a Paycheck Checkup to make sure they are paying enough tax during the year by using the Withholding Calculator, available on IRS.gov. The Tax Cuts and Jobs Act, enacted … Continue reading
How to Retire Earlier
A pretty accurate definition of retirement is doing what you want when you want to do it. In other words, it’s when you are able to start living life on your terms financially. The amount of time to reach this … Continue reading
Posted in Personal Finance, Retirement
Tagged Cozby & Company, Cozby & Company LLC, Cozby CPA, Heather Cozby, Heather Cozby accountant, Heather Cozby CPA, IRS, IRS.gov, personal finance tips, Plymouth CPA Heather Cozby, Plymouth MA accountant, Plymouth MA accountants, Plymouth MA bookkeeper, Plymouth MA CPA, Plymouth MA tax preparation, Plymouth MA tax preparer, Plymouth MA taxes, Retirement, saving for retirement
