2023 year-end tax planning: 6 strategies to implement now A number of factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest rates and significant changes…
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for both employers…
A personal financial statement can be viewed as your report card. It’s a critical performance measurement tool to help you determine the progress you are making to secure your financial future and protect your family. While banks…
How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions and other…
Do you own a successful small business with no employees and want to set up a retirement plan? Or do you want to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan? Consider a solo…
Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work,…
As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of them might be relief from a sometimes…
A retirement planning Q & A with our manager and director Join us as Director Mike Pappas and Manager Cat Arida discuss retirement planning, specifically for the millennial generation. Cat represents the millennials, and she will ask…
Millennials appear to be using their long runway to retirement planning wisely, saving at higher rates than their Gen X and Baby Boomer peers, and showing greater willingness to work with professional financial planners. But keeping up…
Between the ubiquitous Baby Boomers and the headline-grabbing Millennials, members of Generation X often feel forgotten. Born between 1965 and 1980, Gen X is the first generation of Americans at risk of being worse off financially than…
We originally published this article in early 2021 but thought it relevant to re-share. We updated data for 2023. If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about…
In late 2019, the first substantial legislation related to retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act brought numerous changes to the retirement and estate planning landscape, some of which should…
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