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December 2014
Lifestyle Connection
Monthly Tidbits from RedRock
Holiday Tipping Guide
    
Tipping can cause all sorts of anxiety this time of year, we want to show our appreciation for a job well done but the questions become; who to tip and most importantly how much to give?

  

The 3 groups of people you should tip are those who help you with your dependents, those who provide you personal service and the people who help maintain your home.  Generally anyone who helps you all year long, should be tipped the cost of one session.  If you're not sure what to tip, don't be shy ask around, your neighbors I'm sure will let you know what their giving this holiday season. Then write it down, keep track of what you've given so next year you won't have to ask.  Make sure you write a sincere note with a crisp bill and try to hand delver it, the people who work with will appreciate your graciousness.  Beware of those you can't tip, some professions (like the postman & municipal employees) are not supposed to accept cash, a small gift is more appropriate in these cases. 

  

Click Here for Help with Your Holiday Tips

Benefits of Gratitude
 
  

Although it's nice to count your blessings on Thanksgiving, being thankful all year long can have tremendous benefits to your quality of life. 

  

Gratitude may be of the most overlooked tools that we have access to each day.  An attitude towards gratitude doesn't take much time or cost much but the benefits can be enormous. 

 

Read more on the 7 Proven Benefits of Gratitude.

Retirement Benefit Changes
for the New Year

  

Social security and Medicare will be making important changes to their programs in 2015. 

  

Social Security recipients will be getting a little raise, 1.7% for the cost of living.  Most workers will continue paying 6.2 percent of their earnings up to $118,500 (an increase from $117,000) to Social Security in 2015.  Also if you haven't set up an online account with the SS Administration you will begin receiving a statement of benefits every five years starting at 25.

  

The standard Medicare part B premium will remain at $104.90 for the new year, though higher income beneficiaries may pay more.  The Part A deductible will also increase by fifty dollars or so in 2015.  You should also expect to pay about four percent more for your Medicare Part D plans.  There is still a few more days left of open enrollment, look now to save yourself some money in the new year!

  

To read more on changes to your 401k, IRAs, Saver's credits and the new myRA click here.

 Diane Knight, CFP�, Kathleen Carpenter, CFP�, Benjamin Knight, CFP�, Kim Huber, CFP� and Barbara Wagoner, CFP� are Registered Representatives with and Securities offered through LPL Financial, Member FINRA/SIPC.

 

  

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In This Issue
Holiday Tip Guide
Benefits of Gratitude
Changes to Your Benefits in 2015

 

 

  CFP 

  

 

 

2014 Mid-Year Outlook 
2014 Mid-Year Outlook
     

  

 eMoney 

 

 

 LPL Account View 

 

 

 Foundation for Financial Planning 

 

 

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