Jackie Goldstick, CFP®

Secure Act 2.0:  Provisions Affecting ROTH IRA Accounts and What They Mean for You

There are several provisions in Secure Act 2.0 that relate to ROTH IRAs and ROTH accounts within workplace retirement plans.   ROTH AccountsFirst, as reminder, ROTH accounts are funded with after-tax dollars.  In other words, no tax-deduction is taken when funds are contributed to the account.  The funds within the account grow tax-free and when they are withdrawn…

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A Checklist for Identifying the Right Advisor for You

Relationship Your advisor’s sole, continuous duty across your entire relationship should be to advance your highest financial interests (even ahead of their own) as a FIDUCIARY. Primary Role Your advisor should understand and account for your total wealth interests and advise you accordingly.   Understanding all components of your financial situation and how they interact is…

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What You Should Know About Retirement Plan Rollovers

Given the current economic environment where companies are laying off workers and, in some cases, going out of the business, the implications for employer-sponsored retirement plans are significant. Unfortunately, one of the consequences of the pandemic and the economic shutdown is that many companies are laying off workers and, in some cases, shutting down completely.…

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CARES Act: Changes to Minimum Distribution Requirements for 2020

Included in the CARES Act, which was signed into law on Friday, March 27th, 2020, are provisions related to tax-deferred retirement plans/IRAs and minimum distribution requirements for 2020. Specifically, regardless of your age, all minimum distribution requirements from tax-deferred retirement plans and IRAs have been suspended for 2020.  Of course, you can take withdrawals if…

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