"Successful investors are optimistic about the future but are always prepared for short-term setbacks. That mindset is especially valuable in today’s environment, and we hope it provides some peace of mind that we plan for market downturns before they happen. We remain committed to our investment philosophy and are confident that our approach, coupled with flexibility, ongoing risk management, and diligence will provide the highest likelihood of keeping you on track to reach your long-term goals. "
Deciding to retire during market volatility can be a tough call. Do you stick it out for another year, or take the plunge? Even with a well-diversified global portfolio, the timing of retirement can expose an investor to “sequence of return risk,” which is the risk that a market downturn will occur early in retirement. When a…
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Has your RMD start date been delayed as part of the Secure Act 2.0? The retirement planning landscape has undergone significant changes since Congress was pressed to take action as a result of the impact COVID-19 had on America throughout 2020 and beyond. There were two major Acts that were successfully passed in response to the…
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The Internal Revenue Service (IRS) has taken notice of the rise of inflation and has adapted by increasing the contribution limits to company retirement plans. Below is a chart showing how much an individual should contribute to their 401(k) plan through salary deferrals per paycheck to maximize their 2023 employee contributions. A couple of things…
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Inflation has taken a huge toll on Americans and the Internal Revenue Service (IRS) has taken steps to adapt to the increase. Starting in 2023, the IRS will allow you to contribute more than ever to your retirement accounts. Workers will be able to elect for up to $22,500 of salary deferrals to 401(k)plans,…
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On August 31, 2021, the Social Security Board of Trustees released its annual report, which included the latest projection for the Old-Age and Survivors Insurance (OASI) Trust Fund. According to the report, if Congress does not act, the fund is projected to become depleted by 2033, a year sooner than the estimate provided in 2020.…
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A Roth IRA is perhaps the most tax-friendly asset that an heir can inherit. However, the rules regarding distributions can be somewhat complicated. The Q&A below provides a brief overview of the rules regarding Inherited Roth IRAs. If I inherit a Roth IRA, what are my options? Since the passage of the SECURE Act in…
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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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There are several provisions in the CARES Act, which was signed into law on March 27, 2020, that provide flexibility to retirement account owners. In a previous blog post, we discuss the suspension of Minimum Distribution Requirements for 2020. But perhaps the most significant change to IRAs under the CARES Act was the establishment of…
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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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On Friday, December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The broad intent of the legislation is to make it easier for families to save more for retirement, but it also includes several unfavorable provisions intended to offset the loss of tax revenue likely to result…
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