by Springwater Wealth | Nov 1, 2024 | Financial Planning, Retirement Plans, Wealth Management
The 2025 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2025. If you’re an employee and a retirement plan participant, be sure to contact your employer as soon as possible if you wish to change your retirement...
by Springwater Wealth | Oct 16, 2024 | Divorce Financial Planning, Financial Planning, Wealth Management
Are you considering divorce or perhaps in the beginning stages of a divorce? If so, you are probably in one of the most difficult stages of your life. It is emotionally challenging. It can also be financially difficult. You will probably need professional help to get...
by Springwater Wealth | Oct 10, 2024 | Financial Planning, Retirement Concerns, Retirement Plans, Wealth Management
What is Medicare IRMAA? The Income-Related Monthly Adjustment Amount (IRMAA) is an additional charge applied to Medicare premiums for individuals with higher incomes. IRMAA applies to both Medicare Part B (medical insurance) and Medicare Part D (prescription drug...
by Springwater Wealth | Oct 2, 2024 | Financial Planning, Retirement Concerns
Medicare Open Enrollment starts October 15. As we wrote in this article in March 2024, new benefits are coming to Medicare drug coverage for 2025. Starting in 2025, all Medicare plans will include a $2,000 cap for what you’ll pay out-of-pocket for prescription drugs...
by Springwater Wealth | Jul 18, 2024 | Financial Planning, Retirement Concerns, Wealth Management
Increasing life expectancy has profound implications for retirement planning. As people live longer, they need to ensure their financial resources can sustain them for an extended period, potentially decades beyond their working years. This longevity factor introduces...
