OAM News

Diane McIntee Panelist at Morrisville Chamber Event

     Diane McIntee, CFP® of Optima Asset Management, LLC will participate as a panelist at the January 18, 2012 KNOW Luncheon offered by the Morrisville Chamber of Commerce.

The panel discussion will focus on Estate Planning.  Panelists will include an Estate/Elder Care Attorney, a CFP® (McIntee), and a Professional Organizer.  After a brief presentation by panelists, questions from attendees will be taken.  Discussion is sure to be lively!

For more information visit the Morrisville Chamber website (www.morrisvillechamber.org ) or call Optima Asset Management (919-933-9019).

 

Optima Asset Management Proud Sponor of

Cornucopia House Fundraising Event

     Optima Asset Management will be a proud Diamond Mint Truffle Sponsor for A Chocolate Affaire, the annual funraiser for the Cornucopia House Cancer Support Center.  Cornucopia House serves cancer patients, survivors, caregivers, and families through all phases of their journey.

A Chocolate Affaire will be held on Sunday, Februay 13, 2012 at the Millennium Hotel in Durham, NC.  Information and tickets for the event are available at the website (www.cancersupport4u.org ) or by calling (919) 401-9333.

 

Our Office Has Moved!

  As of  December 1, 2011, our office has relocated to larger quarters just down the road.  We are now located at 400 Millstone Drive  Suite 202 (in the Patriot Building).  We are still in Hillsborough and just a short distance from our old location.  Please see the "Map and Directions" tab on the home page for directions to the new location.

 

Social Security COLA

      The Social Security Administration has announced a Cost of Living Adjustment of 3.6% for Social Security payments in 2012.  This adjustment is base on an increase in the CPI-W.

 

 

IRS Announces Inflation Adjustments for 2012

     The IRS has released it's annual revenue procedure making inflation adjustments for 2012.  some of the highlights are as follows:

  • Personal Exemption increases to $3,800.
  • Estate and Gift Tax lifetime exclusion for decedents dying during 2012 increases to $5.12 million.
  • Social Security wage base increases to $110,000.
  • Elective Deferral limit for employees participating in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan increases to $17,000.  The catch-up contribution for those age 50 and over remains unchanged at $5,500.
  • Maximum qualified retirement plan contributions (employer + employee) rises to $50,000.
  • Health Savings Account limits rise as follows:

                       Contributions:  Single $3,100.; Family $6,250.

                       Catch-up contributions for those 55 and older remains at $1,000.

                       Minimum Deductibles:  Single $1,200.; Family $2,400.

                       Maximum Out of Pocket:  Single $6,050.; Family $12,100.

These increases were greater than in the previous two years, when inflation was lower.