If you are interested in saving for retirement, here’s some good news: For 2015, the IRS has raised the maximum contribution limits for 401(k) plans from $17,500 to $18,000. And if you’re 50 or older, you can put in an extra $6,000, up from $5,500 in 2014.
The Arizona Chamber of Commerce and Industry wants to create a “world class education system” and a balanced state budget. But Glenn Hamer, the organization's president, said his members will fight any effort in the session that begins Monday to repeal some yet-to-be-implemented tax cuts approved several years ago.
Now that 2015 is here, you may be thinking about making some New Year’s resolutions. Perhaps you’ll decide to take up a musical instrument, or hit the gym more often, or even learn a new language. All these are worthy goals, of course — but you could also gain some key benefits by working to achieve some financial resolutions.
In Gary Pierce’s commentary on “Arizona needs a balance energy approach,” (AFN, Dec. 14) he attempted to attack and degrade the idea that rooftop solar presents a threat to the electrical utility companies. This is about the only statement I would agree with, given that he is a part of the Arizona Corporation Commission (ACC) that will probably allow SRP to impose the charges against all solar owners come April 15, 2015. Last year the ACC voted down a similar proposal by APS that wanted to charge their solar customers between $50 and $100 dollars a month extra. My correspondence with SRP’s Corporate Secretary Terrill A. Lonon makes it sound like it is already a done deal for me and that it will equate to about an $85.92 monthly charge as a rooftop solar producer.
On Dec. 2, the Gallagher & Kennedy personal injury and wrongful death practice group came together as a team to pack meals for Feed My Starving Children (FMSC), a non-profit organization committed to feeding malnourished children in nearly 70 countries around the world.
As 2014 draws to a close, you may want to look back on the progress you’ve made this past year in various areas of your life — and that certainly includes progress toward your financial goals. At the same time, you may want to make some end-of-year moves that can close out 2014 on a positive note while paving the way for a productive 2015.
If you work for a medium-to-large company, you may now be entering the “open enrollment” period — that time of year when you get to make changes to your employee benefits. Your benefit package can be a big piece of your overall financial picture, so you’ll want to make the right moves — especially in regard to your employer-sponsored retirement plan.
The foundation of a bridge rests on strong and solid footings. A strong bridge from graduation to the job’s market needs to be built by the Arizona Legislature in order to have a successful Arizona economy. You can’t have one without the other.
Are you ready for this? September is National Preparedness Month. Sponsored by the Federal Emergency Management Agency (FEMA), National Preparedness Month seeks to educate Americans on preparing for natural disasters and other types of emergencies. But you’ll also need to prepare for unexpected events in many other areas of your life — particularly those events related to the financial security of you and your family.
It seems as if almost everyone you meet has experienced the negative effects of the “Great Recession.” If you or someone you know has had a derogatory credit event, check this cheat sheet, to help you determine when you can buy again. Lenders have loosened the requirements and restrictions surrounding a negative credit event. It may be time to buy before interest rates rise in 2015.
If you’re a baby boomer, you’re at the point in life where, if you haven’t actually entered retirement, you’re at least approaching the outskirts. But if you’re like many of your fellow boomers, you may be experiencing more than a little trepidation over your financial prospects as a retiree. That’s why it’s so important for you to determine what steps to take to help improve your chances of enjoying a comfortable retirement.
Everyone needs to be aware of the financial resources they will have available in retirement. But if you’re a woman, you must be particularly diligent, for a variety of reasons. And that means you’ll need to know just what to expect from Social Security.