Somerset Hills Wealth Management

02/27/2026

Whether your 65th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical. [Learn More Now]

Learn about all the parts of Medicare with this informative and enjoyable article.

02/26/2026

Here are 5 facts about Social Security you absolutely need to know.

Here are five facts about Social Security that are important to keep in mind.

02/25/2026

Warren Buffett stepped down as CEO on January 1, 2026, but we can only hope he shares more words of wisdom.

02/24/2026

Just over 50 percent of homeowners still have mortgages with rates under 4 percent. But that number has been trending lower, especially in the past year. Are you thinking about making a change?

11/27/2025

The IRS has released the 2026 contribution limits for workplace retirement plans, including 401(k) plans, 403(b) plans, most 457 plans, and the federal Thrift Savings Plan.

Here’s what’s changing:
▪️Employee contribution limit: $24,500 for 2026 (up from $23,500 in 2025)
▪️Catch-up contribution (age 50+): $8,000 for 2026
▪️Special catch-up (age 60–63): $11,250, unchanged from last year

These annual adjustments reflect updated IRS thresholds and may influence how individuals approach their savings goals for the upcoming year.


Source:

The IRS has announced higher 401(k) contribution limits for 2026. Here’s what savers need to know.

11/26/2025

Dreaming of your own city apartment? The latest “Carrie Bradshaw Index” from The Economist shows that in many places, it’s getting harder to afford.

The report found that 41 of 100 major U.S. cities are now unaffordable for solo renters — up from 38 last year. To comfortably rent a studio in New York City, you’d need to earn $151,600 annually, more than $90,000 above the median income.

Miami, Jersey City, and Charleston also rank among the least affordable markets. Researchers say the shift reflects post-pandemic demand for city living, persistent rent growth, and wage stagnation in many metro areas.


Source:

The Economist ranked 100 of the major U.S. cities by affordability for people who want to live alone.

11/25/2025

The holidays are a time for warmth and connection with you and your loved ones. However, sometimes the conversation turns to money. Here are some things to consider.

11/21/2025

Medicare takes a little time to understand. As you approach age 65, familiarize yourself with its coverage options, costs, and limitations.

How Medicare can address health care needs in your retirement strategy.

11/20/2025

The Centers for Medicare & Medicaid Services (CMS) has released the 2026 Medicare Part A and Part B premiums and deductibles for the upcoming year.

Here’s a look at the new figures:
▪️ Part B premium: $202.90 per month (previously $185)
▪️ Part B deductible: $283 (previously $257) before Original Medicare begins covering services.
▪️ Part A inpatient deductible: $1,792 (previously $1,676)

These updates take effect in January and reflect the latest adjustments from CMS. Individuals enrolled in Medicare may notice changes in their monthly costs or coverage details for the upcoming year.



Source:
CNBC, November 17, 2025

10/10/2025

Want to give your child the gift of education without the stress of future debt? From 529 plans to family gifting strategies, here’s how to make college savings manageable and tax-smart

Learn how to save strategically for a child’s education and explore options for maximizing your education funds.

10/09/2025

1Got laid off? Don’t panic—we’ve got strategies to help you get back on track financially. These practical steps cover everything from budgeting your savings to finding gig work

Follow these steps to keep your money matters on track if you’ve been laid off.

10/08/2025

AI tools are revolutionizing financial management with 24/7 availability and powerful data analysis.

Learn all the reasons a human financial advisor is still valuable in today’s increasingly AI-driven world.