2022 Contribution Limits

Posted by Creekmur Wealth Advisors on 8:00 AM on December 28, 2021

Some things you might consider before saying goodbye to 2021.

Preparing for retirement just got a little more financial wiggle room. In November, the Internal Revenue Service (IRS) announced new contribution limits for 2022.

Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains $1,000 as well.1

For workplace retirement accounts (i.e. 401(k), 403(b), amongst others), the contribution limit rises $1,000 to $20,500. Catch-up contributions remain at $6,500.1

Eligibility for Roth IRA contributions has increased, as well. These have bumped up to $129,000 to $144,000 for single filers and heads of households, and $204,000 to $214,000 for those filing jointly as married couples.1

Another increase was for SIMPLE IRA Plans (SIMPLE is an acronym for Savings Incentive Match Plan for Employees), which increases from $13,500 to $14,000.1

If these increases apply to your retirement strategy, a financial professional may be able to help make some adjustments to your contributions.

Read More

Topics: Uncategorized, Financial Planning, Investing, Planning, Retirement

End-of-the-Year Money Moves 2021

Posted by Creekmur Wealth Advisors on 10:44 AM on November 17, 2021

Some things you might consider before saying goodbye to 2021

What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. If notable changes occurred in your personal or professional life, then you may want to review your finances before this year ends and 2022 begins. Proving that you have all the right moves in 2021 might put you in a better position to tango with 2022.

Read More

Topics: Uncategorized, Financial Planning, Investing, Planning, Retirement

Staying Out of Debt Once You Get Out of Debt

Posted by Creekmur Wealth Advisors on 12:01 AM on November 21, 2018


Read More

Topics: Budgeting, Uncategorized, consumer debt, getting out of debt, paying off debt, Staying out of debt

Is Generation X Preparing Adequately for Retirement?

Posted by Creekmur Wealth Advisors on 10:53 AM on November 13, 2018

Future financial needs may be underestimated.

If you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be thinking about how your own retirement will unfold.1

Read More

Topics: Uncategorized, Financial Planning, Retirement

Retirement Plans For Every Stage

Posted by Creekmur Wealth Advisors on 4:27 PM on November 6, 2018


How can you create a solid retirement plan? How can you help ensure that your True Wealth is protected? Most people have at least one, if not multiple, 401(k)s, 403(b)s, IRAs, Roth IRAs, and Brokerage accounts.  But how many of you are truly leveraging other useful savings tools like HSAs, Roth IRA Conversions, and the Saver’s Credit just to name a few? Very few people are fully utilizing all of the financial tools available to them. That is why we would encourage you to consider looking at these underappreciated options for potentially greater retirement savings:

Read More

Topics: 401k, Uncategorized, Retirement, Roth Conversions, Roth IRAs, RetirementRSS

Your Diversified Portfolio vs. the S&P 500

Posted by Creekmur Wealth Advisors on 10:46 AM on October 30, 2018

How global returns and proper diversification are affecting overall returns. 


Read More

Topics: Uncategorized, Why is my portfolio not performing?, Diversify Portfolio, Investment Portfolio, S&P 500, Stock Market

Tolerate the Turbulence

Posted by Creekmur Wealth Advisors on 11:26 AM on October 23, 2018

Look beyond this moment and stay focused on your long-term objectives.


Read More

Topics: bull market, Uncategorized, Wall Street Shocks, Investments and risk, long term objectives, Market turbulence, market volatility, Stay focused on objectives, tolerating risk

Investing Means Tolerating Some Risk

Posted by Creekmur Wealth Advisors on 8:40 AM on October 16, 2018

That truth must always be recognized.

When financial markets have a bad day, week, or month, discomforting headlines and data can swiftly communicate a message to retirees and retirement savers alike: equity investments are risky things, and Wall Street is a risky place.

Read More

Topics: Tolerating Risk with Investments, Uncategorized, emergency fund, Investments and risk, market risks, Retirement

Filling Out The FAFSA

Posted by Creekmur Wealth Advisors on 10:42 AM on October 10, 2018

There is really no reason to wait.

Read More

Topics: Uncategorized, College Planning, FAFSA, FAFSA app, FAFSA apply by phone, Filling out FAFSA

When Is Social Security Income Taxable?

Posted by Creekmur Wealth Advisors on 11:21 AM on October 2, 2018

To find out, look closely at two factors.

Your Social Security income could be taxed. That may seem unfair or unfathomable. Regardless of how you feel about it, it is a possibility.

Read More

Topics: charitable IRA gift, Claiming Social Security, Uncategorized, Financial Planning, RMD, Social Security income, Tax on Social Security Income

    Subscribe Here!

    Recent Posts

    Posts by Tag

    See all