News from Kampstra Wealth Management
GAO on Crypto in 401(k)s: Risks and Oversight Challenges
Recent findings from the Government Accountability Office (GAO) highlight critical considerations for sponsors exploring cryptocurrency as a retirement plan investment option. The GAO report emphasizes that while cryptocurrency assets remain a small portion of the 401(k) landscape, they carry significant risk.
Five Key Strategies for a Successful Retirement
Achieving a comfortable and secure retirement requires careful planning and disciplined financial habits. Here are five essential strategies to help you succeed:
More Retirees Take the Gold Watch, But Keep Their 401(k) Assets In-Plan
A recent Fidelity report reveals that over 80% of plan sponsors prefer to allow employees to keep their assets in-plan and withdraw them over time.
A Taxing Story: Capital Gains and Losses
What is the story on capital gains and losses?
Amazon Faces Allegations of Mismanaged Funds
Amazon.com Inc. and the administrative committee overseeing its 401(k) savings plan have been hit with a class-action lawsuit alleging improper management of employee forfeiture funds.
Budget Check Up: Tax Time Is the Right Time
Tax preparation may be the only time of year many households gather all their financial information in one place. That makes it a perfect time to take a critical look at how much money is coming in and where it’s all going. In other words, this is a great time to give the household budget a checkup.
Why Workers Leave Matching Dollars on the Table
A 2023 Vanguard study found that a quarter of participants deferred less than 4% of their income — generally below the threshold to maximize an employer match. While financial constraints play a role for some, psychological factors can also contribute. Understanding these cognitive biases can help explain why workers forfeit free money — and highlight strategies to help.
The Ultimate Guide to Tax Savings
As tax laws evolve and personal financial situations change, it’s essential to stay informed about strategies that can help minimize your tax burden. Here are several tips to consider.
PBGC Updates Premium Deadlines for 2025 Plan Years and Beyond
Premiums for plan years starting in 2025 must be paid one month ahead of schedule in accordance with the Bipartisan Budget Act of 2015 (BBA 2015), as opposed to the PBGC’s payment of premiums regulation.
Maximize Your Employer Match in 2025
Leveraging your employer’s retirement plan match is one of the easiest ways to boost your financial wellness. With over 50% of employers offering some level of matching, it’s an opportunity you don’t want to miss. Here’s how to make the most of it.
News Archive
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