News

In year-end legislation, the Consolidated Appropriations Act of 2016 finally made permanent qualified charitable distributions (QCDs) from individual retirement accounts.1 Some IRA owners made QCDs earlier this year, anticipating QCDs made on or after Jan. 1, 2015 would be recognized for federal income tax purposes. That bet turned out to be a winner.

IRS Announces 2016 Contribution Limits

Posted by Team HFM on February 02, 2016

WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016.

Medicare Coverage While You Travel

Posted by Team HFM on February 02, 2016

In general, health care you get while traveling outside the U.S. isn't covered. The 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa are considered part of the U.S.