by Springwater Wealth | Nov 14, 2017 | Financial Planning, Services, Taxes, Wealth Management
Last week we provided an overview of the House tax reform proposal. Later in the week the Senate released its version of the legislation. Below we add comments to our blog post last week and indicate the Senate’s proposal. We have highlighted the Senate version when...
by Springwater Wealth | Oct 31, 2017 | Financial Planning, Services, Wealth Management
A reverse mortgage is a loan against a home’s equity that requires no monthly payments, and is available to homeowners 62 and older. The loan proceeds can be taken as a lump sum, as monthly income for life, or as a line of credit. Interest on the borrowed money is...
by Springwater Wealth | Oct 27, 2017 | Financial Planning, Investment Management, Retirement Plans, Services
The 2018 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2018. If you are an employee and a retirement plan participant, be sure to contact your employer as soon as possible if you wish to change your...
by Springwater Wealth | Oct 24, 2017 | Financial Planning, Services, Wealth Management
Fall Open Enrollment is the time of year when you can change your Medicare coverage. If you reenroll in a plan during open enrollment, your coverage starts January 1. In most cases, Fall Open Enrollment is the only time you can pick a new Medicare Advantage or...
by Springwater Wealth | Sep 26, 2017 | Financial Planning, Services
A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high deductible health plan (HDHP). You can read about high deductible health plans on this government website. HSAs can be an...
by Springwater Wealth | Sep 19, 2017 | Estate Planning, Financial Planning, Services, Taxes, Wealth Management
At Springwater, we have clients who are over the age of 70, who have individual retirement accounts (IRAs) and who do not need additional income. However, the government requires those over 70 (technically 70 1/2) to take distributions from their IRAs regardless of...
