Research Cost of Living Before Making the Move

Rankings of the best places to live are published on a regular basis. These rankings may look at criteria such as climate, crime rates, healthcare accessibility, job market, and educational opportunities. These qualities are essential factors to consider when making a decision to relocate for college, work, or retirement. It is also important to factor in how the cost of living may be different after you move to your new home. Check out this easy-to-use cost of living calculator that compares your current city with others across the country. The data source for the Bankrate cost of living calculator is the ACCRA Cost of Living Index. The ACCRA is designed to compare cost of

2019 Increased Contribution Limits

The Internal Revenue Service announced higher retirement plan contribution limits for 2019. The amount employees are eligible to contribute to a 401k or 403b plan at work will increase from the annual limit of $18,500 in 2018 to $19,000 in 2019. The catch-up contribution limit of $6,000 for people age 50 and older will not change next year. Annual employee contribution limits to a SIMPLE plan will increase from $12,500 to $13,000. Traditional and Roth IRA contributions limits will increase to $6,000, and the $1,000 catch-up contribution will remain the same for people age 50 and older. The 2019 income phase-outs that determine whether all, or part, of a contribution are deductible are also i

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