10 Jul Three Stretch IRA Alternatives
The passage of the SECURE Act in 2019 effectively eliminated the stretch IRA, an estate planning strategy that allowed an inherited IRA to continue growing tax deferred, potentially for decades....
retirement planning Tag
04 Jul Donor-Advised Funds Combine Charitable Impact with Tax Benefits
A donor-advised fund (DAF) is a charitable account offered by sponsors such as financial institutions, community foundations, universities, and fraternal or religious organizations. Donors who itemize deductions on their federal...
04 Jul How Taxes Impact Your Retirement-Income Strategy
Retirees face several unique challenges when managing their income, particularly when it comes to taxes. From understanding how taxes relate to Social Security and Medicare to determining when to tap...
22 Jun Diversifying with Market Caps
The U.S. stock market struggled in 2022, with the S&P 500 index ending the year down more than 19.4%.1 The S&P 500, which includes stocks of large U.S. companies, is generally...
22 Jun Remote Workers Trade Commutes for Rest
According to a detailed analysis of the American Time Use Survey, individuals who worked at home in 2020 instead of commuting to an office collectively saved 60 million hours each...
10 Jun Debt Optimization Strategies
To help improve your financial situation, you might consider reducing your debt. Before starting any debt payoff strategy (or combination of strategies), be sure you understand the terms of your...
08 Jun Protecting Your Business Against the Loss of a Key Person
Have you thought about how your business would be impacted by the death or disability of you (the owner) or another key employee? It's important that you create a plan...
26 May Reasons to Roll
When you leave your job or retire, you have an opportunity to manage your funds in an employer-sponsored retirement plan such as a 401(k), 403(b), or government 457(b) plan. Depending...
15 May SECURE 2.0 Helps Small Employers Help Their Employees
[caption id="attachment_18969" align="alignleft" width="169"] 41% of employees with access to a retirement plan at work had saved at least $250,000 by 2022. Source: Employee Benefit Research Institute, 2022[/caption] Approximately 78% of...
27 Apr How Changing Shelter Costs Influence Inflation
Fast-rising U.S. shelter costs — consisting of tenants' rent and owners' equivalent rent — were the top driver of inflation in 2022, but this may be a trend that has...