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So far Mackey Advisors has created 140 blog entries.

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, [...]

Five Questions and Answers about New Social Security Claiming Rules

By | 2015-11-18T14:24:57+00:00 November 18th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , , |

When Congress unexpectedly eliminated two Social Security claiming strategies as part of the Bipartisan Budget Act of 2015, retirement planning got a little more complicated for people who expected to use those strategies to boost their retirement income. Here are some questions and answers that could help if you are wondering how the new rules might [...]

The Bipartisan Budget Act of 2015

By | 2015-11-04T15:22:41+00:00 November 4th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015, legislation that raises the federal debt limit and establishes the framework for a two-year budget deal. The legislation, needed to avoid an impending default on U.S. debt, also contains multiple unrelated provisions, including an elimination of two Social Security retirement benefit [...]

November 1st Kicks Off Open Enrollment for Health Marketplaces

By | 2015-10-22T14:26:38+00:00 October 22nd, 2015|Categories: Personal Planning, Uncategorized|Tags: , , |

Beginning November 1, 2015, 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, 2016. 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 Period Begins October 15

By | 2015-10-07T20:30:02+00:00 October 7th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , |

Part D late enrollment penalty Generally, if you did not sign up for Part D coverage during your initial enrollment period, and you didn't have other creditable drug coverage (at least comparable to Medicare's standard prescription drug coverage) for at least 63 days in a row after your initial enrollment period, you may have to pay [...]

Understanding Greece & the European Debt Situation

By | 2017-05-09T22:13:33+00:00 July 10th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , |

Courtesy of Wikimedia.org For the past several weeks, attention has focused on the debt crisis plaguing Greece and the contentious negotiations with its creditors. The situation in Europe is probably affecting your portfolio to some degree right now. But how can the problems of a country so small and so far away create such [...]

Prospering in a Chaotic World

By | 2017-05-09T22:13:28+00:00 April 22nd, 2015|Categories: On Our Minds, Uncategorized|Tags: , , , , , , , , |

The fourth and final secret to being your most prosperous self is to measure your progress and take time to reassess your path. When you measure the right things, you stay focused on what is important. This is critical is a world of chaos, as it is easy to be attracted to the next shiny object [...]

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Prospering in a Chaotic World

By | 2017-05-09T22:13:28+00:00 April 15th, 2015|Categories: On Our Minds, Uncategorized|Tags: , , , , |

Secret three to being prosperous in a chaotic world is to create great structures. Structure includes the places, plans, people, and elemental pieces of your life. When you are prosperous, you are your most alive and engaged self. Think of a seed. While it remains in the seed package it doesn’t sprout and grow. But take [...]

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Prospering in a Chaotic World

By | 2017-05-09T22:13:27+00:00 April 5th, 2015|Categories: On Our Minds, Uncategorized|Tags: , , |

Crystal clear intent is the second secret to being prosperous in a chaotic world. Your prosperity intention is a higher aspiration or value that guides your actions. Just like a lighthouse guides a ship, a clear intention statement guides you on your journey to prosperity. When you are intentional in your money life you are deliberate, [...]

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