The Future of the Biden Overtime Rule . . . ?
With the November 15, 2024 ruling by the United States District Court for the Eastern District of Texas (District Court, E.D. Texas) that the new rule governing overtime pay to employees, issued on April 23, 2024 by the U;S. Department of Labor (DOL) was unconstitutional, and banning its implementation nationwide, this issue may be a […]
Will the New Administration Extend the TCJA’s Provisions?
This new year of 2025 is likely going to bring us some big changes. One question of particular concern to us – and, we assume, to our readers – pertains to changes to the tax code the incoming administration may foster. In particular, the Tax Cuts and Jobs Act of 2017 was the signature achievement […]
2025 – A New Year In, Meditations and Resolve
As we stand on the threshold of a new year, I am reminded of the timeless wisdom of the Stoic philosophers, whose teachings continue to inspire and guide us in both our personal and professional lives. Embracing Change and Opportunity The dawn of a new year presents us with a unique opportunity for growth and […]
Happy Holidays from Rigby Financial Group!
https://therigbygroup.com/wp-content/uploads/2024/12/RFG-Christmas-Greeting-2024.mp4
IRS Announces Increased Retirement Plan Contribution Limits for 2025
The IRS has increased retirement plan contribution limits for 2025, adjusted for inflation. The contribution limits for 2025 are: IRAs: Traditional and Roth: the 2025 annual contribution limits will remain unchanged from 2024’s $7,000 for those under 50, while those age 50+ can contribute an additional “catch-up” of $1,000 per year for a total contribution […]
Succession Planning for Business Owners – Part II!
For downloadable PDF, click here.
IRS Announces 2025 Income Tax Bracket Limits
Inflation has eased a bit over the past year, the IRS’ adjustment to the income tax brackets for 2025 is lower than it has been the past couple of years, by ~2.8%, compared with 5.4% for 2024 and 6.6% for 2023, based on the consumer price index (CPI). Standard Deduction: The standard deduction is also […]
These Are a Few of My Thankfulness Things . . .
The year flies by, and here we are at Thanksgiving! Time to take stock of what we’re grateful for—in a world of turmoil. Wars seem to be everywhere—and the dangers of their escalating loom, even as we hope with all our hearts for peace. Hurricanes have devastated the South this season—just a couple of months […]
Don’t Put Your Dream Retirement at Risk! 6 Common Retirement Planning Mistakes – and How to Avoid Them
While making mistakes is inevitable – we’re all human, and that comes with the territory – in many cases mistakes can be at least mitigated by course correction. Retirement planning – and, indeed, all financial planning – is, thankfully, one of the areas where we can adjust. But it’s important to make that course correction […]
Take These Steps the Year Before You Retire
Retirement looms for an ever-increasing number of baby boomers (I suspect a lot of us qualify). Many of us may shy from what we perceive as an uncomfortable – but postponable – subject – but we shouldn’t. Rather, we should plan carefully for what is inevitable. Unless we “die in harness,” which God forbid, we […]