Planned Giving

Donor Stories

Wednesday November 13, 2019

News

Our News Thank you for your interest in Mount Hermon. Our hope is to serve you and your family with helpful information.
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Personal Planner You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a living will are in place. All of your records are safely in place and carefully
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Savvy Living Because of my mobility problems, I am thinking about getting a walk-in bathtub that’s easy to get into and out of but could use some help selecting one. What can you tell me about walk-in tubs,
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Washington News On November 6, 2019, the IRS announced the 401(k) and IRA contribution limits for 2020. The IRA limit remains at $6,000 in 2020. Individuals over age 50 may make a catch-up contribution of $1,000, for a total transfer of $7,000 in 2020. Traditional IRA contributions from pre-tax income are tax deductible. The traditional IRA has two main tax benefits – contributions are tax deductible and grow tax free. If you are covered by a qualified retirement plan at your workplace, the IRA deduction may be reduced or phased out. Single Taxpayers with Workplace Plan – IRA contributions for single taxpayers are phased out for individuals with incomes from $65,000 to $75,000. Married
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Mount Hermon
Association

P.O. Box 413
Mount Hermon, CA 95041
Telephone: 831-430-1237
Fax: 831-335-9218
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