In response to the COVID-19 pandemic, the CARES Act was signed into law March of this year. One of the Act’s major provisions was the suspension of Required Minimum Distributions (RMDs) for the 2020 tax year from certain retirement accounts – specifically, defined contribution plans and IRAs. This suspension allows IRA owners to avoid taking RMDs this year to help IRAs (or other retirement accounts) recover values lost due to the adverse..Continue Reading >>
With the end of 2018 approaching, many of us find ourselves developing resolutions towards self-improvement. And for the work we do with our clients around this time of year, this usually relates to financial planning.
Getting your finances in order is a great resolution to a more happy and prosperous new year. Yet we know that this can be daunting. So to help, we are taking a moment to share with you seven things you can do before the year..Continue Reading >>
Saving for retirement shouldn’t be about achieving some specific dollar amount, or even about specific investments to get there. It’s about figuring out what retirement means to you, and making sure retirement is both affordable and meets your lifestyle goals in a meaningful way. Then, deciding on how to get there by designing a holistic strategy that treats your retirement portfolio as the sum of all the parts. Benjamin Franklin once said:..Continue Reading >>
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