Nicholas Wealth Management
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The Social Security Administration Announces 2021 COLA

November 19, 2020

Provided by David Nicholas October 13, 2020 What you should know about the most recent cost-of-living adjustment. On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin with benefits payable to more than 64 million Social…

2021 Limits for IRAs, 401(k)s and More

November 18, 2020

Provided by David Nicholas November 18, 2020 Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s The salary deferral amount for 401(k)s remains the same at…

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