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Retirement Planning

It’s Time to Repay COVID-Related Distributions from Retirement Plans By Sean Deviney, CFP®*

Posted May 18, 2023

Congress passed the CARES Act on March 25, 2020, to provide immediate economic assistance to individuals, families and businesses struggling during the COVID pandemic. Among the law’s provisions was an opportunity for qualifying individuals to take penalty-free early withdrawals of as much as $100,000 from their 401(k), 403(b) and IRA retirement plans during calendar-year 2020. […]

Spring Cleaning for Retirement Planning By Olga Ismail

Posted May 10, 2023

As you gather documents to prepare to file your tax returns, it is a good time to review your retirement accounts, simplify them and ensure your investment strategy continues to meet your current and future needs and goals. According to the Bureau of Labor Statistics, the median amount of time that workers have been with […]

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

Posted May 2, 2023

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 […]

Tax-Efficient Benefits of 529 Savings Plans Get Even Better in 2024 By Brendan T. Hayes

Posted April 4, 2023

Effective Jan. 1, 2024, investors with unused dollars in certain 529 college-savings plans can roll their remaining balances into tax-free Roth IRAs for the benefit of their plans’ named beneficiaries without risk of penalties or income-tax exposure. Moreover, investments in Roth IRAs may continue to grow free of tax for beneficiaries to withdraw in retirement […]

Planning for Spending During Retirement By Todd A. Moll, CFP®, CFA

Posted March 29, 2023

One of the primary objectives of financial planning is to ensure that individuals have more than ample spendable cash flow during all of their retirement years. Navigating the careful balance between spending too much and possibly running out of funds or spending too little and missing out on all of the potential joys of retirement […]

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

Posted March 2, 2023

Effective for 2023, the federal estate tax exemption increases to $12.92 million, or $25.84 million for married couples filing joint tax returns. What this means is that individual taxpayers can transfer up to $12.92 million in assets to their heirs (or up to $25.84 million for married couples filing jointly) during life or at death […]

Secure Act 2.0 Brings Big Changes to Retirement Plans in 2023 By Olga Ismail

Posted February 1, 2023

The beginning of a new year often comes with many changes. For 2023, some of the most significant transformations are occurring in the retirement industry, thanks to the recent passage of the SECURE Act 2.0. While some of the new law’s provisions will not take effect until future years, others will need to be addressed […]

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