News & Press

Higher Taxes Are on the Horizon. Don’t Let Them Spoil Your Retirement.

News & Press

Monday, September 09, 2024

Let me close with some words from a new book, “The Retirement Savings Time Bomb Ticks Louder,” by Ed Slott, an accountant and retirement consultant. It’s an update of a 2021 book he wrote. Slott gets the fiscal problem. “Congress needs money, they’re going to have to raise the rates, and the last thing you want is to have your money subjected to the uncertainty of what future higher rates can do to your retirement savings,” he writes.

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Roth 401(k) Dollars Are No Longer Subject to RMDs

News & Press

Thursday, September 05, 2024

If you have both pre-tax and Roth accounts in a 401(k) (or a 403(b) or governmental 457(b)) and are subject to required minimum distributions (RMDs), be aware of new rule changes made in the 2022 SECU RE 2.0 law. The rules were clarified in the IRS RMD final regulations, which came out on July 18.

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Roth 401(k) Dollars Are No Longer Subject to RMDs

News & Press

Thursday, September 05, 2024

If you have both pre-tax and Roth accounts in a 401(k) (or a 403(b) or governmental 457(b)) and are subject to required minimum distributions (RMDs), be aware of new rule changes made in the 2022 SECU RE 2.0 law. The rules were clarified in the IRS RMD final regulations, which came out on July 18.

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2 Big IRA Rollover Mistakes to Avoid: Ed Slott

News & Press

Thursday, August 01, 2024

Financial advisors are well aware of the tax rules that affect retirement withdrawals, required minimum distributions, Roth conversions and rollovers. Clients, though, can often make major wealth-killing mistakes when managing their retirement savings.

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