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SECURE 2.0 Major Changes to Catch-up Contributions

Contributing Articles

Thursday, October 24, 2024

The year is flying by, and before we know it, 2025 will be here. With the arrival of the new year, several new provisions from the 2022 SECURE 2.0 law that impact retirement plans will become effective. One of the changes allows certain older participants in company savings plans and SIMPLE IRAs to make higher catch-up contributions.

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A $40 Trillion Opportunity for Financial Advisors

Contributing Articles

Wednesday, October 09, 2024

A recent report by the Investment Company Institute revealed that U.S. retirement assets climbed to a staggering $40 trillion as of the end of the second quarter. This growth was led by an increase in IRA assets to $14.5 trillion. In addition, a good chunk of the remainder of the $40 trillion is sitting in 401(k) and other company plans, most of which will eventually end up in IRAs.

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Adjusted for Risk: Time to Rethink 401(k)s and IRAs?

News & Press

Tuesday, September 17, 2024

America’s IRA expert, Ed Slott, shares his thoughts on whether we should continue to contribute to 401(k) plans and IRAs during this entertaining conversation.

Ed also explains his preferred investment vehicle and why, discusses tax risk and offers some year-end strategies for retirement planning.

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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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