The SECURE 2.0 Act of 2022 seeks to increase retirement savings and expand coverage to employer sponsored retirement plans. New provisions such as mandatory automatic enrollment, higher catch-up contributions for older workers, and part-time worker 401(k) eligibility are intended to support higher plan participation, address longevity risks, and improve retirement readiness among Americans.
These tax tables are designed to offer a quick summary of tax brackets and taxes for: personal income, capital gains, children, and both employer and personal retirement plans.
Recent market volatility reminds us of the ever-present risks inherent in stock investing. When bear markets occur, many investors instinctively seek shelter on the sidelines. But, as history demonstrates, leaving the market—even temporarily—can be costly over the long-term. So, what can investors do now to manage current market volatility?
Making regular contributions to a 401(k) plan provides a valuable way to save for your future—allowing assets to compound and grow tax-deferred. But keeping your long-term goals on track involves periodically reviewing and adjusting your strategy along the way.
Is a recession coming… or is one already here?
This paper delves into the implications of a repeal of stepped-up basis, and sets out strategies advisors may consider to mitigate the effect of this potential change.
We’ve shared some of our favorite holiday recipes with you… now it’s time for our favorite cocktail recipes (with a couple of twists). Happy holidays to all of you and CHEERS to the end of 2020!
I let him know that while it was not inexpensive, it was fair and worth it and something we wanted to do. More importantly, it was something his Mom and I had been planning and saving for.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers about $2 trillion in funds to help the nation weather the pandemic. The portions of the law that are particularly relevant to individuals who participate in qualified retirement plans are highlighted in the document linked below.
In the days and weeks ahead, we will be providing content here that hopefully will help you cope financially with the COVID-19 virus. Some will be news updates, some will be planning suggestions, some may just be sayings and stories meant to educate and inform, while also putting a smile on your face…. but all are meant to help us as we navigate this new world. We are all in this together, and together we will get through it.