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Verisail Partners

Retirement

20 Second Advisor: Why It’s Easy to Retire in GA.

Retiring takes a lot of hard work, saving, and discipline. However, if you chose to retire in Georgia, there are some great tax benefits that make the transition to retirement a little cheaper and easier. Here are the main benefits of retiring in GA: GA Retirement Income Exclusion: This allows GA taxpayers (age 65 and…

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20 Second Advisor: 2020 contribution limits

The IRS has announced contribution and benefit limits for 2020. Here is a summary of the updated limits 401(k), 403(b), most 457 plans, and Thrift Savings Plan: contribution limit is increased from $19,000 to $19,500. Catch-up contributions: for employees aged 50 and over who participate in these plans is increased from $6,000 to $6,500. SIMPLE…

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20 Second Advisor: 2020 Retirement Contributions

Now is a great time to plan for 2020. How much will you save towards retirement in 2020? Do you know how much you should be saving? Here are the maximum amounts you can save into the most commonly used retirement plans in 2020: 401k Pre-tax or ROTH – $19,500 (increased from $19,000) 401k Catch-up…

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20 Second Advisor: Your Time

Kind of related to the last blog post which challenged us to think about the long term purpose of our money, I challenge you to think about your TIME this holiday season. How are you spending your time each day? Are you allocating it to the things that are most dear and important to you?…

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20 Second Advisor: Why Am I Doing This?

We work with a lot of business owners. At some point, they always ask “why am I doing this and what am I going to do when it’s done?” Usually, they are asking this about their business, but these questions carry over into our broader financial lives. It’s important to think through the long term…

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