The steps you take today can prepare you for tomorrow. Take control of your retirement armed with insights, updates and strategies to help you have the retirement you’ve been working for.
Just when you thought you had an up-to-date retirement plan solidified, accounting for all the changes of the Setting Every Community Up for Retirement (SECURE) Act of 2019, Congress wrapped up 2022 with the SECURE 2.0 Act.
Following are some of the major categories and tasks our advisors and I are recommending for clients to get their financial houses in order.
With a well-planned investment strategy, you can navigate today’s market downturn with confidence and get the most out of your golden years.
If you are not sure how the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) will affect you, take Mark Twain’s advice on the weather in New England and wait a while. It could change again.
So far this year the markets are broadly down. You likely have unrealized losses in your portfolio. Tax-loss harvesting may be a strategy to consider, but harvesting those losses now could have a negative outcome in the long run.
There’s a new way of thinking about saving for retirement in a rising tax environment. Let's explore the tax changes that are taking place and outline several strategies that help you achieve tax diversification in retirement.
Why is the impact of inflation on a retirement plan a hot topic?
Signed into law in December 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) made it easier for businesses to offer retirement plans and for individuals to save for retirement.
To help address the pandemic and its economic fallout, Congress passed legislation that made important changes to retirement accounts.
Strategic use of cash value life insurance can provide similar tax-free benefits to a Roth IRA, without Roth IRA income limitations, all while delivering valuable policy benefits.
Projections indicate combined trust fund reserves will deplete in 2035. A reduction of payments is possible if Congress does not address the situation before then. You may want to stress test your financial plan now.
For those who can draw on other income sources, it may make sense to delay Social Security benefits until age 70. Discussing the optimal Social Security benefits for a married couple involves several variables to factor for.