Simon Accounting Group

HEAR Center Holiday Appeal 2025

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Some Inflation Adjustment Figures for 2026 have been announce by the IRS
https://www.irs.gov/pub/irs-drop/n-25-67.pdf

• The IRA contribution limit and catch-up contribution limit is increased from $7,000 to $7,500 and from $1,000 to $1,100, respectively. Also included in the Notice are the increased income phase-out ranges;
• The SIMPLE contribution limit for businesses with 25 or more employees is increased from $16,500 to $17,000, while the catch-up contribution amount for most employees age 50 and older is increased from $3,500 to $4,000 ($5,250 for employees aged 60, 61, 62, or 63). For businesses with fewer than 26 employees, the contribution limit is increased from $17,600 to $18,100 and the general catch-up contribution limit remains at $3,850;

www.irs.gov

A great video explaining why you should not wait until 70 to take Social Security.

Ignore The Social Security Breakeven Age (The Hidden Math) Understand how to live your dream retirement: https://youtu.be/Ks7AoDBfh44If you liked this video, make sure to click thumbs up and subscribe !Eric...