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Retirement Planning

Converting 529 Savings to a Roth IRA Helps Kids Kick-Start Their Retirement Savings By Brendan T. Hayes

Posted June 11, 2025

Investors with remaining balances in 529 college-savings plans may roll unused balances into tax-free Roth IRAs for the benefit of named beneficiaries without risk of penalties or income-tax exposure. This provides young people with an opportunity to start saving for their future via an investment vehicle that offers tax-free growth and tax-free withdrawals in retirement. […]

8 Tips to Help Women Improve Financial Literacy by Kathleen Marteney, CRPC

Posted June 10, 2025

For too long, women were socialized to believe that they were terrible with money or that financial management was a role better left to their husbands. While women have come a long way, there remains a significant gender gap in financial literacy. Ninety percent of women will need to be self-reliant with financial decisions at […]

Women Need to Plan for their Long-Term Care By Olga Ismail

Posted June 9, 2025

No one wants to think about spending their golden years in a nursing home or with round-the-clock nursing assistance for basic self-care tasks, such as eating, dressing, bathing and using the bathroom. Yet, according to the U.S. Department of Health and Human Services, someone turning age 65 today has an almost 70 percent chance of […]

What is Private Placement Life Insurance, and How Can it Help High-Net-Worth Investors Maximize Tax Efficiency? By Eric P. Zeitlin

Posted June 3, 2025

The more wealth a family acquires, the more tools they need to preserve those assets for future generations and protect them from the long arms of tax agencies in the U.S. and abroad. One such tool earning the attention of family offices and ultra-high-net-worth individuals worldwide is private placement life insurance (PPLI). In the simplest […]

4 Savings Strategies for Recent College Grads By Brendan T. Hayes

Posted May 20, 2025

As college graduates embark on their professional careers, they should consider the following savings strategies to help prepare them for a sound financial future. Like most things in life, the earlier you start planning and preparing, the more likely you will achieve your goals. Employer-Sponsored Savings Plans While retirement may seem like a long way […]

In your early 60s? There’s a New Way to Boost Your Retirement Savings by Olga Ismail, AIF®

Posted May 6, 2025

If you are turning 60 to 63 years of age in 2025 or later, you have a unique opportunity to supercharge your retirement savings with new, more substantial catch-up contributions. Background Historically, the tax laws cap the annual contribution limits to 401(k), 403(b) and other qualified retirement plans. They also provide additional means for individuals […]

Contemplating a Roth IRA Conversion? Here Are 3 Things to Consider First by Augusto De Luna

Posted April 29, 2025

You have many options when it comes to saving for retirement. You may contribute pre-tax dollars to a workplace 401(k) plan or traditional IRA, potentially reducing your current taxable income today and deferring taxes until you make required minimum withdrawals in retirement. Depending on your income, you may also put money into a Roth IRA, […]

Estate Tax Relief for Ultra-High-Net-Worth Families by Lee F. Hediger

Lee F. Hediger PWA Director and Miami Financial Advisor Registered Representative of PWA Securities, LLC
Posted April 13, 2025

Effective Jan. 1, 2025, the federal estate tax exemption increased to $13.99 million, or $27.98 million for married couples filing joint tax returns. This means that individual taxpayers can transfer up to $13.99 million in assets to their heirs (or up to $27.98 million for married couples filing jointly) during life or at death without […]

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