News

Friday October 31, 2014

Our News
Exciting events are happening at Defiance College
Thank you for your interest in Defiance College. Our hope is to serve you and your family with helpful information.
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Personal Planner
Wills - Perils of Probate
"I am an heir of the decedent and here is his will." Potential Heir Business Owner passed away on April 5, 1976, with an...
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Savvy Living
How Medicare Covers Outpatient Mental Health Services
Does Medicare cover outpatient counseling or therapy sessions for seniors? My husband has really struggled with...
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Washington News
401K Limit Increased to $18,000 for 2015
Each October the IRS publishes the increased limits for retirement plans for the following year. In IR-2014-99, the Service increased 401(k) and 403(b) contribution limits from $17,500 this year to $18,000 for 2015. Employees who are age 50 or older may also benefit from an additional “catch-up” contribution. The limit for 2015 has been increased from $5,500 to $6,000. The total employee contribution for those age 50+ could be $24,000 next year. Because many employers have 401k matching programs, the total contribution could be substantially higher. For example, with a $1 employer match for each $2 of employee contribution, an employee over age 50 may benefit from up to $36,000 of total contribution in 2015. The regular IRA contribution of $5,500 is unchanged....
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