Retirement Planning Blogs & Resources

In the past, I’ve received calls from clients who had already retired but decided to get back into the game and provide consulting services as an independent contractor. Part of the conversation was a discussion of the different approaches to consider in deferring income recognition and investing some of these newly earned funds in a tax efficient manner. Below we review some of the most common retirement savings strategies a self-employed person could utilize and explore the pros and cons of e

At the end of December, Congress passed the SECURE Act 2.0 as part of the omnibus spending bill. The Act does not result in any substantial planning changes the way the original 2019 SECURE Act did (which eliminated lifetime stretch IRAs, to our collective dismay), but it does make nearly 100 smaller changes to the tax code. These changes revolve around retirement plans and expand the use and flexibility of Roth assets ("after-tax" retirement dollars), expand the conditions under which retireme

“Planning is bringing the future into the present so that you can do something about it now.” - Alan Lakein If that sounds like a downer, that is not the intention! Everything in life is about balance, so perhaps taking on a mindset of making the most of today while planning for a longer tomorrow is more helpful in ensuring a happy and healthy long life. Whether an outcome of living through the past few years or a shift in overall mindset, popular culture today encourages us to focus on the now

The Securing a Strong Retirement Act of 2022 (aka SECURE Act 2.0) recently passed the House (by a 414-5 margin, so, believe it or not, on a bipartisan basis), and looks to have enough support to pass the Senate sometime this year. Introduced by Reps. Kevin Brady (R-Texas) and Richard Neal (D-Massachusetts), who led the original SECURE Act of 2019, the bill looks to encourage Americans to save for retirement. Below are the current highlights: The original SECURE Act raised the age at which you