Category Archives: Retirement Planning

NEW RULES IMPACTING CAREGIVERS, HOUSEHOLD WORKERS AND CHILD CAREGIVERS

A new law (AB 241) went into effect January 1, 2014. It removes exemptions that had been in place for the category of workers known as Domestic Workers. They are now treated like any other hourly worker. Overtime pay: Time … Continue reading

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UPDATE YOUR LIFE INSURANCE AND RETIREMENT PLAN BENEFICIARIES

Jill received a call from her life insurance agent reminding her to update her beneficiary designation. A good reminder for all of us. If there has been a change in your circumstances (married, RDPs, divorce, etc.) call your agent to … Continue reading

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PAY SPECIAL ATTENTION TO THESE BIRTH DATES

Age 50: You are allowed to save extra money in many retirement plans (i.e. IRA, 401(k)) when you turn 50. The term used is catch-up provision. Age 55:  Health Savings Accounts catch-up provision starts. Under certain circumstances, penalty-free distributions may … Continue reading

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