The SECURE 2.0 Act, which was passed in December 2022, made a significant change to the IRS catch-up contribution rules. The catch-up contribution allows those aged 50 and above to contribute an additional $7,500 to an employer-sponsored pre-tax retirement plan.
The SECURE 2.0 Act, which was passed in December 2022, made a significant change to the IRS catch-up contribution rules. The catch-up contribution allows those aged 50 and above to contribute an additional $7,500 to an employer-sponsored pre-tax retirement plan.
Late last year, Congress enacted a new slate of legislature entitled, somewhat unimaginatively, the SECURE 2.0 Act. The intent of this new Act is to increase retirement savings by increasing the various ways to save across the ages.
We have received many questions regarding I bonds this year, and for good reason. They are likely a good option for cash you have set aside and don't need for at least a year. What are I Bonds? I Bonds are a series of bond issued by the United States Treasury, with an interest rate [...]
Click here to view and download our 2022 Contribution Limits & Tax Reference Guide
Click here to view the Q3 2021 Market Slides.
Mid-September, Democrats and the House Ways and Means Committee released their proposed tax changes in the budget reconciliation bill known as the “Build America Back Better” act. This legislation will now be debated in Congress, and I expect we will see changes before it is finalized. Here is a summary: The top marginal tax rate [...]
Since the start of the pandemic, a lot of people have moved to locations with a lower cost of living. With remote work becoming the norm, lots of people can live anywhere—why not choose somewhere that allows you to build more financial freedom? Where are people moving to and from? Let’s start with the “from.” [...]
You work hard to provide for your family (after all, they’re the most important part of your life). You also want to make sure your loved ones are well provided for in your absence. However, while no one I know wants to leave their family with uncertainty or a messy probate situation, I see it [...]
You may have heard the adage that dart-throwing chimps can outperform professional investors when it comes to choosing stocks that will generate return over time. Some experiments even show the monkeys outperforming the market itself. How is this possible? Because as intelligent humans, we think we can predict things, but we are typically wrong more [...]
