SECURE Act 2.0: An Overview

The second iteration of the SECURE Act brings forward several changes to the world of retirement.Read more HERE.
Read MoreThe second iteration of the SECURE Act brings forward several changes to the world of retirement.Read more HERE.
Read MoreAs 2022 comes to a close, you’ll want to reassess your financial goals, examine any life changes that will affect your saving or spending, and learn about recent developments in the world of taxes and finance that might benefit...
Read MoreYour lump sum pension amount isn’t fixed over time. It changes every year on what the plan calls the recalculation (or revaluation) date. On this date, the plan takes the prevailing interest rates (i.e. the minimum present...
Read MoreMarried couples could significantly lower their joint lifetime income taxes and may reduce their joint lifetime Medicare premiums by doing Roth conversions while both are alive, an expert on Social Security benefits issues said.The...
Read MoreIt’s natural to think “defense” during a bearish market season. But why not mix in some “offense” with your defense? Here are three moves we can discuss together that may be helpful during the current...
Read MoreLately, the "Great Resignation" has led many Americans to leave their jobs for other opportunities, while others have chosen a different path: early retirement. We can all understand looking for a more suitable place of work, but some...
Read MoreIf you were planning to do a “Roth IRA” conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it. The new tax bill on Capitol Hill is going to scrap these conversions...
Read MoreIF YOU’RE MARRIED, it’s almost certain that one of you will outlive the other—perhaps by many years. What are the financial implications? Click below to find out 10 issues to keep in mind. https://humbledollar...
Read MoreThe news keeps getting better for Social Security recipients. It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2...
Read MoreThe bucket approach — or what some call the time segmentation or asset-liability matching approach – might be the better method of creating dependable and sustainable income in retirement for some retirees. https://www...
Read MoreIf there is a "silver lining" to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022. Preliminary estimates call for a 4.7% cost-of-living increase (COLA) in Social...
Read MoreWith all the chaos of 2020, the passing of the SECURE Act didn't register on many people's radar. This change in legislation made two important changes that impact retirement planning: Required Minimum Distributions (RMDs) were pushed...
Read MoreHistorically, low interest rates have forced investors approaching retirement to think outside the box when building a retirement income plan. In order to have a secure and comfortable retirement, you need to consider different ways to...
Read MoreWith the economy and financial markets flashing mixed signals, it’s no wonder that lawmakers are deadlocked on whether to pass a Phase 4 of the CARES Act. More than $3 trillion in stimulus has been pushed into the economy since...
Read MoreAn “eye-popping” $2 trillion in cash has been stashed in deposit accounts at U.S. banks since the COVID-19 pandemic first hit the country in January.1 This surge of money into banks has no precedent in history. Several...
Read MoreEven in “normal” times, the news can be depressing. But these days, it can seem like there’s an awful lot to worry about. Here’s a sampling of the types of headlines I’ve seen recently: Why US hospitals...
Read MoreFew life events are more stressful than a job loss. If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...
Read MoreThe COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement. However, difficult times may open doors to new possibilities. Businesses are changing their...
Read MoreAs I’m sure you know, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was recently signed into law. The CARES Act is designed to help those most impacted by the COVID-19...
Read MoreIn light of current events and potential financial difficulties caused by the COVID-19 outbreak, the Internal Revenue Service (IRS) has postponed the 2019 federal income tax filing and payment deadline until July 15, 2020.1,2,3 Those...
Read MoreHighlights • We think stocks are in the process of bottoming, but that process will take some time. A decline in new cases, falling credit spreads, rising Treasury yields and oil prices and stable weekly jobless claims are...
Read MoreIn your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic...
Read MoreThe “I’ll think about it tomorrow” approach is alive and well. This latest report card shows that baby boomers are only slightly in front of millennials when it comes to retirement planning. Click HERE for full article.
Read MoreThe conventional wisdom is that retirees should first spend down their taxable accounts, then traditional retirement accounts and lastly tax free accounts like a Roth IRA.That approach has its merits. But it can result in retirees...
Read MoreWe are currently in the Medicare Annual Enrollment Period for 2020 (Oct 15th - Dec 7th). Prescription drug plans can change each year so it is important to stay on top of those changes. Review your prescription drug coverage to make...
Read MoreElizabeth Warren proposes sweeping changes to the Social Security system. It looks like Social Security reform may play a large part in the next election. Click here for the full article.
Read MoreThe FCC is out with a new warning about Medicare scams. Medicare will never call you out of the blue asking for personal information. If you are concerned about a call you received, you can reach out to Medicare 1-800-MEDICARE...
Read MoreHere are some little-known strategies you can use to bolster your retirement savings. Click here to read more.
Read MoreA new study found that the majority of retirees are not claiming their Social Security benefits at the most financially optimal time. Click HERE to read the full article.
Read MoreHSA Accounts are a great tool for individuals approaching retirement to offset health care costs but you need to make sure you follow the rules to avoid costly penalties. Read the full article here.
Read MoreA new study shows that more people are taking their Social Security benefit before retirement age, resulting in a lower benefit. If Social Security is going to play a large part in your retirement income plan, you may want to tap into...
Read MoreWhen you are building a retirement income plan, it is important to incorporate a "tax free" element. Roth IRA distributions and cash value inside permanent Life Insurance are two sources of retirement income that will not increase the...
Read MoreTip: How Much? Check your Social Security earnings and see an estimate of your benefits on the website, www.ssa.gov. Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how...
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