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Controlling Your Emotions When Deciding What's Affordable
Did one of your resolutions involve budgeting? Here's a great article from the NY Times that will teach you how to disregard your emotions to help you keep a conservative budget. Learn more here!
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GET EDUCATED! MAILBAG
"What are the contribution limits for retirement plans in 2015?" -Anonymous
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What a great and timely question as we are preparing for the new year! In 2015, you can contribute a maximum of $5,500 to an IRA, plus an extra $1,000 if you are 50 or older. This limit can be split between a traditional IRA and a Roth IRA if you would like, but the combined limit is still $5,500 or $6,500, respectively. And of course, making deductible contributions also reduces your taxable income for the year.
To maximize your 401(k), 403(b), 457, and TSP contributions, you may invest $18,000 or $24,000 if you will be age 50 or older in 2015.
We hope this helps as you plan your contributions for the year!
Have a topic you'd like to learn more about in plain English? E-mail Us Your Questions & Ideas!
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STIR UP SOME FUN!
Celery Salad
- 3/4 cup sliced celery
- 1/3 cup dried sweet cherries
- 1/3 cup frozen green peas, thawed
- 3 tablespoons chopped fresh parsley
- 1 tablespoon chopped pecans, toasted
- 1 1/2 tablespoons fat-free mayonnaise
- 1 1/2 tablespoons plain low-fat yogurt
- 1 1/2 teaspoons fresh lemon juice
- 1/8 teaspoon salt
- 1/8 teaspoon ground black pepper
Directions:
In a medium bowl, combine the celery, cherries, peas, parsley and pecans. Stir in the mayonnaise, yogurt and lemon juice. Season with salt and pepper. Chill before serving. Recipe courtesy of All Recipes.
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2015 State of the Markets
Featuring: Rockwell Medical Update
Tuesday, February 3 at 6:30 p.m.
Ella Sharp Museum
Get more information here!
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