HOBBS HINTS

 

IDENTIFY THEFT STRATEGY

Per the Federal Trade Commission, you're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies: Experian, TransUnion, and Equifax. 

     I would suggest you spread them out over the year rather than ordering them all at the same time. 

 

    You can order online from annualcreditreport.com, the only authorized website for free credit reports, or call 1-877-322-8228. You will need to provide your name, address, social security number, and date of birth to verify your identity. 

    If you have any questions, just let me know.

 ESTATE PLANNING

    When was the last time you actually sat down and read through your entire Will and/or Trust documents? 

    If it's been over a year, it's time look them over carefully.

     Is your choice for Personal Representative still who you want?  Are your assets going to be distributed the way you want now?  Perhaps you have beneficiaries listed that you don't want included anymore.

     There may be parts you don't understand; now's the time to clarify to ensure your estate is handled the way you want.

2019 RETIREMENT LIMITS

For 2019, participants in 401(k), 403(b), 457, and TSA plans can contribute up to $19,000.  For those of us over 50, we can invest an additional $6000. 

The maximum contributions to IRA’s is $6000 with an additional $1000 for participants over age 50. 

The Roth IRA income eligibility phaseout

for Single or Head of Household is between $122,000 and $137,000.  For Married Filing Jointly, it is between $193,000 to $203,000.

 

SEP contributions are the lesser of 25% of compensation or $56,000

LONG-TERM CARE

There are more options other than traditional Long-Term Care policies that may be difficult to qualify for and can be quite expensive  For more information about the variety of options, please contact me.   

 

Need more details? Contact me.

I am here to assist. Contact me by phone or email.