Happy New Year.
With the new decade comes a multitude of tax changes.
The 2020 401k contribution limit has increased to $19,500 for those under age 50 and $26,000 if you are age 50 and above.
For those who have not yet begun to take your Required Minimum Distributions, the new required age to begin your withdrawals has been changed to age 72.
Please call us with any questions regarding these changes.
As always, if you have had any life changes or updates that you need us to attend to (i.e., new job, promotion, marriage, new baby or grandchild, etc.), please do not hesitate to contact us.
Stacy Brilliant, Chief Operating Officer
WHAT'S YOUR DESTINATION?
All month long we've been asking our clients to tell us their life goals. Send us your goals and we'll send you our personal advice for how to help achieve them.