In Rev. Proc. 2024-25, the IRS made changes for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025. The maximum annual HSA contribution is: For HSA-compatible HDHPs, the 2025 minimum deductible amounts are: The 2025 maximum annual out-of-pocket amounts for HDHP are: For the full details, see the IRS revenue procedure. Photo […]
For those of us in our working years, we may dream of a retirement destination outside of western Pennsylvania. Perhaps we are seeking warmer weather, sunnier skies or to be closer to family. Although we would argue that it should not be a primary consideration in your retirement decisions, state taxes can play a role.
State Tax Considerations in Retirement and Estate Planning Read More »
On April 16, 2024, the Internal Revenue Services (IRS) released Notice 2024-35, granting relief (again!) for failure to make requirement minimum distributions (RMDs) from an inherited IRA (or from other inherited retirement accounts). This means that if you have inherited an IRA from someone who passed away in 2020 or later, then you are not required
Summertime is (almost) here! Are you traveling this summer? We would love for you to share your travel plans and recount your vacation stories with us! Whether you’re going out of town, out of state, or out of the country, there are always a lot of things to do before you leave. Here are a
Summer vacations are a cherished time for families to come together, unwind, and create lasting memories. It’s also an opportune moment to have important conversations, such as discussing estate planning. While the topic may not be as exciting as planning activities or exploring new destinations, it’s a crucial discussion that can provide peace of mind
Summer Vacations are a Perfect Time to Talk to Your Family About Estate Planning Read More »
by John Montoya Your estate plan helps protect your loved ones – mentally, emotionally, and financially – and we can help you with all of the steps necessary to put a plan in place. Estate planning is not just the set of documents your attorney prepares, nor is it your investment allocations and financial plan,
It is the time of year when many of us make New Year’s resolutions. During a recent NPR broadcast, a motivational psychologist stated that most people do not succeed in New Year’s resolutions because they set their goals too high. Matt is sharing some of his resolutions for 2024 and grouped them into three resolution categories:
It is the time of year when many of us make New Year’s resolutions. During a recent NPR broadcast, a motivational psychologist stated that most people do not succeed in New Year’s resolutions because they set their goals too high. John is sharing some of his resolutions for 2024 and grouped them into three resolution categories:
Photo by Kajetan Sumila on Unsplash
Some Important Planning Points and Reminders for 2024 Read More »
