Tschetter Blog
Social Security COLA Increase in 2022
The Social Security Administration announced today benefits will see a cost-of-living adjustment (COLA) of 5.9%– the largest increase since 1982. To put it in perspective, the average increase over the past decade has been only 1.4%. This increases the maximum retirement benefit at full-retirement age from $3,148 per month currently ($37,764 annually) to $3,345 per…
The Mega Backdoor Roth
In the planning department, many of our conversations with clients is about determining savings goals on an annual basis that will help propel them to their retirement planning goals discussed. For many clients, that starts with taking advantage of their company retirement plans and working to maximize their contributions, and then more detailed planning follows…
Introducing Pascale: in her own words
A soccer game isn’t much different than building a portfolio or financial plan. Some may be reading this and thinking wow, that’s a stretch, but please allow me to explain. Preparing for a soccer game consists of strategizing and picking your players who will hopefully bring the best performance on a certain day. Our coaches…
Recent Tax Proposals
For at least a year now, well before the election, there’s been plenty of news, opinions, and frankly bluster about President Biden’s federal tax proposals to fund infrastructure and new social programs including education, nutrition, and childcare. While what is on the table would certainly represent a significant change, especially for U.S. companies and high…
Rising Above
The thought of summing up these last eighteen months in a short letter is laughable. There are just way too many layers to this beast. From the first few months of 2020 when our lives and the market were upended by a microscopic force of nature to the now welcome return to an emerging semblance…
Getting Your Fair Share of Long-Term Care
Earlier this year, Washington State passed the first ever payroll tax to fund long-term care needs for its residents. Effective on January 1st of 2022, Washington state residents will be subject to a 0.58% payroll tax to fund this program, designed to alleviate pressure on the Medicaid system. While this may be a benefit to…