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 […]
When the initial SECURE Act was released in 2019, several sweeping changes were made that impacted Required Minimum Distributions (RMDs), retirement savings, and more. At the end of December 2022, the SECURE Act 2.0 was signed into law, as well. This new piece of legislation worked to create additional opportunities for retirement saving while expanding […]
So much of your retirement preparation focuses on saving money. But, at some point, you need to take that money out, and how you do that is an integral part of your retirement income strategy. The Secure Act 2.0 contained changes that affect your retirement distribution strategy and timeline. We’ve compiled a deep dive into […]
When you hear about taxes, you might think of filing your tax return in April. But there are numerous tax planning moves to strategically maximize your current and future tax liability outside the typical tax filing deadline. The catch? Most of those opportunities expire on December 31 for the current tax year. To help you […]
Roth conversions are here to stay (for now), so here’s what they are, how they work, and how high-earners can consider leveraging them throughout their careers. What Is A Roth Conversion? A Roth conversion is a strategy that allows you to convert all (or a portion) of your pre-tax retirement accounts (IRA, 401k, etc.) into […]
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 […]
As the end of the year approaches and the exciting frenzy of the holiday season commences, don’t forget to set aside some time to review these financial moves you should make before the end of 2016. For the most recent contribution limits, gifting thresholds, and RMD rules, please refer to IRS.gov. 1) Deplete your FSA: […]
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