Tag Archives: retirement

Since Congress first passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) in 2019, it has been working on a secondary package of regulations to further expand taxpayers’ access to workplace retirement plans and improve their financial security during their golden years. The proposed regulations, commonly referred to as Secure Act 2.0, […]

Planning for retirement is often the last thing recent college graduates will think about upon entering the job market and earning a steady income. However, there is no minimum age for individuals to start thinking about saving for the future, whether it is for the purchase of a new car or home, to support a […]

The IRS recently released its 2022 cost-of-living adjustments for retirement savers. Among the highlights are higher annual contribution limits to 401(k), 403(b), most 457 plans and SIMPLE IRAs as well as high income limits for individuals to qualify for deductible contributions to traditional IRAs. Employer-Sponsored Retirement Plans The maximum amount individuals may contribute in 2022 […]

After years of diligent saving, you probably built a significant nest egg to afford a comfortable retirement, but that doesn’t mean you’re ready to put your feet up and coast through your golden years. Preparing for retirement requires having a plan in place to address your spending habits, rising health care costs, changing tax laws […]

Saving for retirement through an employer’s 401(k) plan is a great way to invest in yourself – both for today and for your future. With each contribution to your plan, you essentially pay yourself (rather than Uncle Sam) and allow those payments to stay invested in the market, where they have the potential to grow […]

A Roth IRA is a unique retirement savings vehicle that allows eligible individuals to set aside money today for a potentially tax-free income stream in the future. Like a traditional IRA, a Roth arrangement allows individuals to make annual contributions of up to $6,000 in 2022, or $7,000 for savers age 50 and older. That […]

As the Biden Administration crystalizes its campaign promise of tax reform, one thing is clear: there is a likely chance that wealthy taxpayers will pay higher taxes on income and investments in the future. Preparing for this potential shift requires efficient estate planning and nimble execution. The current administration calls for increasing the top income […]

In our busy lives, it is not uncommon to put off for tomorrow the things we do not have time for today. This is especially true for those things that make us uncomfortable or that require a significant commitment of time and effort to squeeze into our already hectic schedules. However, by sweeping these issues […]

Women spend a significant portion of their lives putting their families first, tending to the needs of husbands, children and aging parents often before themselves. The problem is that as these women approach retirement age, they are finding themselves without the benefit of ample savings to carry them through their golden years. According to the […]

The COVID-19 pandemic continues to leave an indelible mark on individuals and businesses across the globe, sustaining an extended period of economic uncertainty as we enter 2021. During these times, it is natural for soon-to-be retirees to become anxious and question whether they have prepared sufficiently for their golden years or if they should consider […]