On December 23, Congress passed and soon thereafter President Biden signed into law the latest spending bill, which included the Secure 2.0 Act of 2022. This is good news for retirement savers. The bill includes hundreds of provisions that take effect at differing times. Here are some of the key provisions: Those that impact […]
The IRS recently announced a significant increase in the maximum amount an individual can save using a 401(k) retirement account. In 2023, individuals will be able to save $22,500 up from $20,500 in 2022. Those over age 50 will be able to save an additional $7,500 up from $6,500. Normal increases have been $1,000 […]
With the recent market volatility, clients have asked me whether they should “stay in the market,” “sell,” “buy more” or “change my allocation.” In fairness, these questions come up all the time, but especially when the market is down. These feelings are a part of human nature. In fact, I wrote about this subject in […]
In a 401(k) plan, you are allowed to leave the money in your account to a named beneficiary(s) upon your death. This is a nice feature because the money goes directly to the beneficiary(s) without having to go through your estate. But how does this happen when one is gone? If you don’t want to […]
Dear Client, We work hard to advise our clients knowing that the financial markets are fraught with uncertainty. As of this moment, that uncertainty has elevated a notch making it seem extremely high in relative terms. Although the reality of the situation in Ukraine hit today, we have observed for some time now the indicators […]
