HSA | Law Firm Newswire

Virginia Beach, VA (Law Firm Newswire) July 15, 2016 – Older workers need to be wary of some potential Medicare errors that may come up if they intend to continue working past the age of 65. Approximately one-third of Americans within the age group of 65 to 69 stay in the workforce. This rate is 50 percent higher than it was ten years ago. Thus, an increasing number of older Americans are not getting Medicare upon reaching age 65. Andrew H. Hook, a prominent Virginia elder law attorney of Hook Law Center with offices in Virginia Beach and northern Suffolk, […]


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Virginia Beach, VA (Law Firm Newswire) May 23, 2016 – It can be challenging to find tax-advantaged ways to save for retirement when an individual is highly compensated. Under the general rule, workers can save $18,000 annually in pre-tax income in a 401(k) plan. However, if the worker earns over $120,000 annually, owns in excess of a five percent interest in an employer’s company, or is among the employees who earn the top 20 percent of income at the firm, the IRS considers such a worker to be a highly compensated employee (HCE). The contributions made by an HCE can […]


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