News

Tuesday September 27, 2016

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
Social Security
Linda asked, "When should I take my Social Security? I have a good income and have paid into Social Security for 40...
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Savvy Living
Meal Service Delivery Options for People Who Don't Cook
What types of healthy meal delivery options can you recommend for individuals who don't cook and don't get out much?...
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Washington News
Congress Considers Retirement Plans
As the election clock continues to race forward, the Senate Finance Committee this week passed several retirement plan bills. Many Americans have a 401(k) plan. With a traditional 401(k) plan, the employee may make tax free contributions and enjoy tax free growth. Distributions must commence after age 70½, with a starting payout rate of approximately 3.8% of the plan balance. Distribution percentages increase as the person becomes more senior. A common plan also involves a very favorable employer match of typically 3% to 5%. In 2016, the employee may make a contribution of up to $18,000. Workers over age 50 are permitted an additional "catch up" contribution of $6,000. The bipartisan Lifetime Disclosure Act (S. 1317) is designed to increase employer disclosures to workers. The...
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