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Total: 28 results found.

Why You Should Use the HSA Instead of the HRA in 2018

Created on Monday, 16 October 2017. Posted in content/blog

... and paid the expenses from after-tax money (assuming the 25% federal income tax bracket and 5% state income tax), your $1,000 in medical expenses would actually cost you $1,428.57. Why? Here's the math. ...

Lilly VERP Analysis - Should I Stay or Should I Go?

Created on Monday, 18 September 2017. Posted in content/blog

... They should look at how the offer fits in with their retirement income plan. Because we provide an Independent Professional Retirement Overview (IPRO) for our clients, when we discuss their VERP offer ...

Eli Lilly Employee Voluntary Early Retirement Program (VERP) Decision

Created on Friday, 08 September 2017. Posted in content/blog

... to know that the one-time lump sum payment is taxed as ordinary income and will be reduced by applicable tax withholding. Beyond the above analysis, any employee considering the VERP should have a thorough ...

How Investing Should Be Like Summer

Created on Sunday, 09 July 2017. Posted in content/blog

... is informed by your financial plan. Your financial plan details your different financial goals – things like money for retirement, college expenses, replacing income if a spouse dies. If you have a financial ...

How to Reduce Income Taxes on a Severance Package

Created on Friday, 10 February 2017. Posted in content/blog

... income tax. With a large amount of money like this received in one year, especially if combined with other income earned during the year, you can easily find yourself in a higher tax bracket as a result ...

15 Things to do When You Lose Your Job

Created on Monday, 09 January 2017. Posted in content/blog

... all sources of income and expenses. Cut all unnecessary expenses, as you don't know how long it will be before you're employed again. Prepare a budget for at least the next 6-12 months. 5. SEEK OUTPLACEMENT ...

You Can't Use Your Cell Phone When You're Dead

Created on Wednesday, 21 September 2016. Posted in content/blog

... insurance. What happens when 48 year old dad passes away unexpectedly leaving mom and three kids? Where are they going to get the money to replace the income he earned? Where's the money coming from to ...

Comparing the Clinton and Trump Child Care Plans

Created on Monday, 19 September 2016. Posted in content/blog

... would be available for up to four children or elderly dependents. Anyone earning less than $250,000 would be eligible ($500,000 for married couples) Lower-income families that don’t pay any tax could ...

In The News

Created on Thursday, 13 August 2015. Posted in content/resources

... http://www.bankrate.com/finance/retirement/how-to-retire-at-50-in-3-steps.aspx FoxBusiness.com, June 15, 2015: 7 Best Ways Retirees Can Boost Their Income                 ...

How Long Do I Need to Keep My Tax Documents?

Created on Thursday, 07 May 2015. Posted in content/blog

... of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. The period of limitations is the period of time in which you can amend your tax ...

Spring Forward and its Powerful Effect on Your 401(k)

Created on Thursday, 12 March 2015. Posted in content/blog

... add up to $2,500 per year. A contribution increase would mean you decide to contribute a larger percentage of your income. Because most companies do not offer pensions anymore and you cannot rely on ...

Two Things You Must Do With Your 401(k)

Created on Thursday, 05 March 2015. Posted in content/blog

... in the Roth 401(k), you should also consider establishing a Roth IRA as soon as possible either through contributions or a conversion if ineligible to contribute due to the income limits.  ...

How Do I Claim My Tax Credit For My 529 Contributions?

Created on Sunday, 01 March 2015. Posted in content/blog

Indiana residents who contributed to the CollegeChoice 529 last year need to remember to claim the tax credit on their 2014 Indiana income tax return. It is important to remember to claim the credit ...

Four Things You Should Do When You Receive Lilly Equity Awards

Created on Thursday, 26 February 2015. Posted in content/blog

... their job and income. Equity awards are a valuable part of your compensation. Treat them as such and take the time to make sure that you are making the best decisions so that they can provide you and ...

HSA Can Double as a Retirement Account

Created on Thursday, 31 October 2013. Posted in content/blog

... use an HSA to supplement your nest egg.  Even in retirement, you can tap the funds tax-free for medical needs. And starting at 65, you can withdraw penalty-free for any reason, though you'll owe income ...

Eli Lilly 401(k) Changes Effective July 1

Created on Monday, 10 June 2013. Posted in content/blog

... Equity – Active, International Equity – Index, Real Assets, Fixed Income – Active. The Lilly Stock Fund, Self-Directed Mutual Fund Window, Stable Income – Active and Target Date Portfolios will not change. ...