Sep 1, 2023 | In The News, Individuals, Plan Administration, Retirement Plan News, Retirement Plans
The Internal Revenue Service (IRS) released guidance last Friday addressing Section 603 of the SECURE 2.0 Act which deals with Roth catch-up contributions. Section 603 mandates that catch-up contributions must be Roth for those earning more than $145,000. The IRS’...
Jul 31, 2023 | In The News, Individuals, Retirement Plan News, Retirement Plans
Public Response to Economic Threat Fuels SEC Proposal The outbreak of COVID-19 in 2020 instilled a sense of financial fear in market participants. How are humans inherently hardwired to respond to threat? Panic. The threat of economic crisis in 2020 fueled the act of...
Mar 31, 2023 | In The News, Individuals
About the U.S. Banking System With recent headlines about two failed U.S. banks and their ripple effect throughout the banking sector, we want to summarize the information on this evolving event. We assure you we are monitoring the situation closely. However,...
Mar 17, 2023 | Family Finances, In The News, Individuals
Are you sitting on a sizeable amount of cash in a checking or traditional savings account? This is the perfect time to get that money to work harder for you, without the risks inherent in investing in the stock market or mutual funds. Over the past several months you...
Feb 3, 2023 | Age 55+, Family Finances, In The News, Individuals
On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023. That spending package included the 358-page Setting Every Community Up for Retirement Enhancement Act, also known as SECURE 2.0, which builds on the first SECURE Act...
Nov 22, 2022 | In The News, Individuals, Retirement Plan News, Retirement Plans
IRS Limits on Retirement Benefits and Compensation As published in IRS News Release IR-2022-199, Oct 21, 2022 For More information about retirement plan limits, please contact your financial professional, or click here. Highlights of Changes for 2023 The contribution...
