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So far Mackey Advisors has created 129 blog entries.

November 1 Kicks Off Open Enrollment for Health Marketplaces

By | 2016-10-26T17:59:17+00:00 October 26th, 2016|Categories: On Our Minds, Uncategorized|Tags: , , , , |

Beginning November 1, 2016, individuals (including their families) may apply for new health insurance or switch to a different health-care plan through a Health Insurance Marketplace. The open enrollment period ends January 31, 2017. Individuals can use Health Insurance Marketplaces to compare health plans for benefits and price, and select a plan that fits their needs. [...]

Medicare Open Enrollment Begins October 15, 2016

By | 2017-05-09T22:14:00+00:00 October 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , |

Medicare open enrollment period allows you to make changes to your current plan.  What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. [...]

IRS Announces New Waiver Procedure for Taxpayers Who Inadvertently Miss the 60-Day Rollover Deadline

By | 2017-05-09T22:13:59+00:00 September 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Background--direct and indirect (60-day) rollovers If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan (like a 401(k)) you can avoid current taxation by directly rolling the distribution over to another employer plan or IRA (with a direct rollover you never actually receive the funds). You can also avoid current taxation by actually [...]

A Quick Look at the Presidential Candidates' Tax Proposals

By | 2017-05-09T22:13:56+00:00 August 24th, 2016|Categories: On Our Minds, Uncategorized|Tags: , , , |

Though tax policies haven't received top billing in this year's presidential election dialogue, they're still part of the conversation. Here's a quick review of each candidate's tax proposals based on information released by their campaigns. Keep in mind that regardless of who wins in November, any changes to tax policy would require congressional action. On August [...]

10 Years and Counting: Points to Consider as You Approach Retirement

By | 2017-05-09T22:13:52+00:00 July 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , , |

If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in [...]

New Rules for College Campus-Sponsored Debit and Prepaid Credit Cards

By | 2017-05-09T22:13:52+00:00 June 28th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

The Department of Education has issued new rules for campus-sponsored debit and prepaid credit cards that are directly linked to financial aid disbursements. While many financial institutions have partnerships with colleges to market these products as financial aid tools, consumer groups argue that they sometimes come at a high cost to students. As a result, the [...]

Marriage and Money

By | 2017-05-09T22:13:48+00:00 April 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

U.S. Supreme Court decisions have given same-sex married couples the same rights and privileges as opposite-sex married couples. If you're married or on your way to the altar, you'll want to sort through the financial implications and potential opportunities you have. 1. Evaluate your employee benefits Once you're married, you may want to coordinate workplace benefits [...]

SEC Adopts "Regulation Crowdfunding"

By | 2016-01-14T20:27:28+00:00 January 14th, 2016|Categories: Business Wise, Uncategorized|Tags: , , |

New rules take effect in 2016 On October 30, 2015, after three and a half years of proposals, comments, and discussion, the Securities and Exchange Commission (SEC) announced its final rules on equity crowdfunding for small businesses. The forms that funding portals use to register with the SEC become effective on January 29, 2016, while the [...]

IRA and Retirement Plan Limits for 2016

By | 2017-05-09T22:13:44+00:00 December 4th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

IRA contribution limits The maximum amount you can contribute to a traditional IRA or Roth IRA in 2016 is $5,500 (or 100% of your earned income, if less), unchanged from 2015. The maximum catch-up contribution for those age 50 or older remains at $1,000. (You can contribute to both a traditional and Roth IRA in 2016, [...]