Video Tax Cuts and Jobs Act Expiration: Financial Planning Implications By Andrew Busa — March 2, 2023 Andrew Busa provides financial planning solutions in part two of his analysis of the expiring Tax Cuts and Jobs Act (TCJA).Watch Nowkeyboard_arrow_right
Article Crypto: Making a Play for Your 401(k) By Jeffrey DeMaso — May 15, 2022 This week’s reader question: Does bitcoin belong in my 401(k) portfolio? This has been a hot topic since Fidelity announced it was queuing up to allow companies to include bitcoin in their 401(k) plans. The Department of Labor—which regulates 401(k) plans—has cast shade on the idea. Nonetheless, company boards are weighing … Read Morekeyboard_arrow_right
Article Planning in Your 50s: Catch-Up Contributions January 18, 2023 Turning 50 is momentous for so many reasons—including the extra boost it can provide to your retirement savings. The IRS limits how much you can contribute to tax-advantaged retirement accounts each year. In 2022, that limit is $6,500 to individual retirement accounts (IRAs) and $22,500 to 401(k)s and other workplace retirement plans … Read Morekeyboard_arrow_right
Article Secure Act 2.0: What You Need to Know By Kari Wolfson — April 18, 2022 The House passed their draft of “Securing a Strong Retirement Act,” AKA the Secure Act 2.0, in late March. Now the Senate side is polishing their own version of the bill, and all indications point to it ultimately being signed into law. The exact provisions are a little less certain at this … Read Morekeyboard_arrow_right
Article Roth 401(k) vs. Traditional 401(k) Contributions April 8, 2021 Everybody knows that you should save for retirement—how you should save is where it gets confusing. We can clear up one common puzzler right now: The difference between a Roth 401(k) and a traditional 401(k). Both are designed to help you save for your retirement. What distinguishes them is how they're … Read Morekeyboard_arrow_right
Podcast Time To Ditch Your 401(k)? No Way! By Kari Wolfson, Andrew Busa, Matthew Shumaker — September 23, 2020 A number of recent articles have criticized 401(k) plans, the centerpiece of many peoples’ retirement savings. Is it time to reconsider using the 401(k) as a key tool to deliver financial peace of mind? Hardly. Join our wealth management and financial planning experts for this engaging lesson on why the tax-advantaged benefits … Listen Nowkeyboard_arrow_right
Article Understanding Defined Benefit Plans September 11, 2020 There are two main types of employer sponsored-retirement plans: Defined contribution plans and defined benefit plans. What sets the two apart are who is contributing to the plan and where the investment responsibility lies. With defined contributions—the most common of which is the 401(k)—employees determine the amount they wish to contribute … Read Morekeyboard_arrow_right
Article Considering Early Retirement May 15, 2020 Uncertainty persists about when and if the economy and job market will return to normal—it’s left many people pondering (or being forced into) retiring sooner than they may have planned. Whether it’s a deeply personal decision or a suddenly imposed one, if you’ve found yourself wondering (or worrying) about retiring earlier, here … Read Morekeyboard_arrow_right
Article RMDs and the CARES Act April 9, 2020 For many retirees, this may be the best news yet out of the current economic and market dislocations. Congress has passed a bill that says you don’t have to take required minimum distributions (RMDs) in 2020. In the $2-trillion CARES Act, Congress waived the RMDs that retirees typically must withdraw from their … Read Morekeyboard_arrow_right
Article Relief Legislation Measures to Be Aware Of April 3, 2020 On March 27, the federal government passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. It is intended to dull the economic blow that this virus has and will continue to dole out to families and the nation. Here are some relevant provisions of the CARES Act to know about, along … Read Morekeyboard_arrow_right