News Affecting Your Financial Life – January 2020 Issue
The January 2020 edition of Fairman Group Perspectives highlights the retirement plan changes, Medicare costs, and college costs and trends.
New Spending Package Includes Sweeping Retirement Plan Changes
While there are several positive outcomes to the SECURE Act, such as being able to contribute to an IRA beyond age 70 ½ and increasing the Required Minimum Distribution (RMD) age to 72, there is also a potentially negative outcome regarding inherited IRAs.
What Will You Pay for Medicare in 2020?
Medicare premiums, deductibles, and coinsurance amounts change annually. Here’s a look at some of the costs that will apply in 2020 if you’re enrolled in Original Medicare Part A and Part B. People with higher incomes may pay more than the standard premium, as shown in this table.
News Affecting Your Financial Life – November 2019 Issue
This edition of Fairman Group Perspectives highlights the PMI decline and economic impact, the need for life insurance, Medicare Open Enrollment, and more! Learn about the latest news affecting your financial life.
