As you approach retirement or move to a new employer, a 401(k) rollover probably feels like a natural next step on your to-do list. But if your retirement plan includes employer stock that has grown significantly over time, rolling everything into an IRA without a closer look could mean foregoing a powerful tax opportunity. Called […]
The government is making a wide range of adjustments across the board for the coming year. Changes impact Medicare premiums, Social Security COLA, tax brackets, and retirement plan contribution limits. The changes could mean higher income and tax savings for some next year. Medicare Medicare Part B Premiums have increased. The base monthly premium for […]
It’s hard to believe, but we’re already nearing the end of 2025, meaning now’s the perfect time to take a closer look at your year-end tax strategy. With some major tax law changes taking effect in 2026, the decisions you make in the next few months could have a meaningful impact on your tax bill […]
A traditional 401(k) or similar employer-sponsored retirement plan is a foundational savings tool for most Americans, yet those who are self-employed may not have access to these traditional savings methods. While you could still reap the tax benefits of contributing to a traditional or Roth IRA, the annual contribution limits are relatively low (less than […]
In retirement planning, one thing is clear – when preparing for the future, there’s no one-size-fits-all solution. This especially applies to high-income earners, who often have more complex financial portfolios and other unique considerations to weigh. For those fortunate enough to enjoy a high income, the stakes are higher, and the choices are more significant. At […]
The government is making a wide range of adjustments across the board for the coming year. Changes impactMedicare premiums, Social Security COLA, tax brackets, and retirement plan contribution limits. The changes could mean higher income and tax savings for some next year. Medicare Medicare Part B Premiums have decreased. The base monthly premium for […]
Entrepreneurs already know that there are plenty of options to create a retirement account. These plans, SEP and SIMPLE IRAs, can be the right answer for some business owners. However, the Solo 401(k) (also known as Solo-k, Uni-k, One-participant k) may allow you to set aside more money for retirement. You have the opportunity to […]
Have you ever seen a GROUNDHOG poking its head out of the ground? What you see is a cute little groundhog poking his head out of his burrow. What you don’t see is the complex web of precisely engineered burrows — hidden from sight. These “hidden strategies” are what allow the groundhog to live a […]
The newly enacted CARES Act has suspended Required Minimum Distributions (RMDs) from retirement accounts for 2020, including inherited retirement accounts. This measure will provide some financial relief to those who do not need to take withdrawals from retirement accounts while the account values are low. RMDs are calculated using the account holder’s life expectancy and […]
In our last post, we reviewed some of the key differences between a SEP IRA and a Solo 401(k) for business owners with no employees (if you have 1099 income from a side gig, this includes you). In some cases, a SIMPLE IRA may be a better option than a SEP IRA and a Solo […]
"*" indicates required fields
