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Personal Finance

IRS Announces 2011 Contribution/Benefit Limits

November 2, 2010
IRS Announces 2011 Contribution/Benefit Limits

The Internal Revenue Service (IRS) announced today the contribution limits for retirement plan participants for Tax Year 2011. The maximum annual contribution employees can make through salary reduction to a 401(k), 457(b) or 403(b) plan in 2010 will remain at $16,500. Catch-up contributions for employees older than 50 years of age will remain a...
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The Top 10 Reasons NOT to Plan For Retirement

September 21, 2010
The Top 10 Reasons NOT to Plan For Retirement

A different kind of Top Ten list. You probably read or hear about some “Top Ten” list nearly every day. But take a moment to read this one. This list is different, and probably not the kind of list you’d expect a Financial Advisor to write. Reason #10: “I’m too busy” I can’t tell...
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Central Florida Unemployment Rate 11.9%

September 17, 2010

Aug ‘10 July ‘10 Aug ‘09 Aug ‘08 Preliminary Revised Final Final Brevard 11.9% 11.6% 10.8% 7.3% Flagler 16.4% 15.7% 15.3% 10.5% Lake 12.4% 12.0% 11.9% 7.1% Marion 14.4% 14.1% 13.5% 8.7% Orange 12.0% 11.8% 11.0% 6.4% Osceola 12.5% 12.5% 11.8% 6.8% Seminole 11.2% 11.2% 10.5% 6.2% Sumter 9.9% 9.8% 9.3% 6.0% Volusia 12.6%...
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The Case for a Micro 401(k)

September 14, 2010

According to the Employee Benefit Research Institute defined contribution plans have increased steadily from 25.8% in 19881. In 2006 67.1% of all employer sponsored plans are defined contribution plans such as 401(k)'s. Popularity of these types of plans is largely due to shifting investment risk from the employer to the employee. ...
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Finding a Tax Preparer

September 9, 2010
Finding a Tax Preparer

Is doing your own taxes getting to be more and more of a challenge? Are you thinking of hiring someone to do it for you? Are you wondering if that will be worth the cost? There are times in life when you really should turn to a professional for tax preparation. In addition to...
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The Two Biggest Retirement Misconceptions

September 2, 2010
The Two Biggest Retirement Misconceptions

While the idea of retirement has changed, certain financial assumptions haven’t. We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all leisure. While this is becoming a cultural assumption among...
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