The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease.
Great news for all you retirement savers out there, the IRS says you will be able to contribute more to your retirement accounts in 2019. These changes to individual retirement accounts like 401(k) plans, Traditional IRAs and even Roth IRA are part of the annual inflation adjustments made by the IRS. Larger retirement contribution can mean lower tax bill. Not to mention more income in retirement.
Life insurance can help you manage what’s unpredictable while you save for your future and after you retire. And depending on your personal situation, there are ways to use life insurance that you may not have considered.
Maggie L. Walker was a pioneering entrepreneur, civil rights and women’s rights activist and the first woman of any race to charter and become president of a bank in the U.S. — the St. Luke Penny Savings Bank.1 She overcame seemingly insurmountable obstacles to transform the state of banking in the middle of Jim Crow. Maggie L. Walker dedicated her life to closing the wealth gap and to empowering all Americans to achieve a more secure financial future…one penny at a time.
This is her story.