Clinton Wealth Management LLC

It's anything BUT Simple:

2025 SIMPLE IRA AND SIMPLE 401k contributions limits have been released by the IRS.

Starting limits are $16,500.

The catch-up contribution limit for employees 50 and over who participate in SIMPLE IRA plans is an additional $3,500, bringing total potential contributions for those over 50 to $20,000.

For employees aged 60-63 who participate in SIMPLE plans can benefit from a higher catch-up contribution limit of $5,250.

2025 SEP IRA Contribution Limits Are Here!

For small business owners and self-employed individuals, the SEP IRA remains a powerful retirement savings option! The IRS has raised the contribution limit for 2025 to $70,000 or 25% of your compensation—whichever is less. This means more tax-advantaged room to save for retirement while potentially reducing your taxable income!

Looking to maximize your retirement savings this year? A SEP IRA could be a game-changer. Let's plan ahead and make the most of your 2025 contributions!

One blood sucker of an expense that just doesn't need to happen?

Bank and credit card fees! That could include high interest payments, late fees, overdraft fees, ATM fees, account fees, and all the other expenses that could drain your bag.

You can take steps to utilize your banks and credit card companies in a more beneficial way by making the banks pay you through high interest accounts, avoiding unnecessary fees and ensuring you keep up with payments to avoid unnecessary debt.

High interest credit card companies are betting that you'll rack up those interest dues and miss payments so give em the good ol' stake in the heart!

COLA benefits could go up next year, and retirees could see their monthly payments go up by $159 per month. CNBC has the details @ https://cnb.cx/3Qwio1L

Retirees on Social Security could see monthly benefit rise an average of $159 in 2023 due to inflation, estimate finds High inflation points to a possible 9.6% Social Security cost-of-living adjustment in 2023, according to a new estimate based on data released on Wednesday.

Despite consumers trying to get ahead of the holiday shopping season, retail sales showed minimal growth for November. AP News has the scoop @ https://bit.ly/3scsH1C

Modest 0.3% November retail sales bump, optimism still high | AP News NEW YORK (AP) — Americans slowed their spending from October to November but continued shopping ahead of the critical holiday season, brushing off rising prices and shortages. Retail sales rose a modest, seasonally adjusted 0.3% in November compared with the previous month when sales jumped 1.8%, ...