News from Kampstra Wealth Management
THE REWARDS OF LONG-TERM INVESTING
The dream of a secure retirement, college funding, or a vacation home may be the financial “prize” you’re keeping your eyes on. But it’s hard for investors, even seasoned ones, to stay focused in the face of market volatility.
QDIA…. Why is it important?
The qualified default investment alternative (“QDIA”) is arguably the most important investment in a plan’s investment menu. The QDIA essentially permits participants to opt-out of the investment process, instead choosing to default into the QDIA, with assurance that qualified professionals are acting on their behalf. It may also relieve plan sponsors from the burden and fiduciary liability associated with trying to educate their workers to become sophisticated investors. However, plan sponsors do remain responsible for the prudent selection and monitoring of the qualified default investment alternative.
Disaster Preparedness
No matter where you live in the United States, odds are you’ll eventually experience some kind of
natural disaster that impacts your home, your family, your lifestyle and even your income. Statistics say
these costly disasters are happening more and more frequently, and with a larger price tag each time,
both in terms of dollars and lives. But most of us have very little practical experience living through
major catastrophes, so where to even begin?
Roth IRAs for Kids
Establishing a Roth IRA for your children, grandchildren, or even adult child is an excellent opportunity to build tax-free wealth for the next generation. A main benefit of a Roth IRA is the tax-free growth, and children have extra years for those tax-free earnings to accumulate.
Encore Career
Retirement often looks different today than it once did with second careers becoming more and more popular. One third of those who retire eventually return to work on either a full- or part-time basis.
DOL’s Final Rule on Proxy Voting
follow in voting proxies and exercising certain shareholder rights.
Common Fiduciary Errors
Most fiduciary errors are unintentional or even well meaning. Here are some common fiduciary breaches.
Restatement Process is Beginning for Volume Submitter Documents
Retirement plans adopting their recordkeeper or third-party administrator’s volume submitter document must obtain an opinion letter from the Internal Revenue Service stating the document reflects all applicable legal requirements. Every six years, these pre-approved documents must be restated to comply with new legal requirements.
Navigating Your Required Minimum Distribution
As much as you would like to, you can’t keep your money in your retirement account forever.
Under the SECURE Act, once you reach age 72, you must begin taking required minimum distributions from your 401(k), IRAs, or other defined contribution plans in most circumstances.
5 Highlights of the New Stimulus Package
After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues to impact employers and employees. Here’s a quick recap of five key highlights.
News Archive
Learn more about Kampstra Wealth Management. Use FINRA's BrokerCheck to make informed choices about brokers and brokerage firms-and provides easy access to investment adviser information.
We’re established and active in our community.
The Central Pennsylvania region is our home too and we regularly participate in programs and projects to improve the overall quality of life.
Securities offered through Osaic Wealth, Inc. Member FINRA/SIPC. Advisory Services offered through Osaic Advisory Services, LLC (Osaic Advisory). Osaic Wealth and Osaic Advisory are separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth and Osaic Advisory.