Deciding Between a Traditional or a Roth 401(k)?
Consider diversifying retirement assets across both account types for future flexibility.
Breathing Room on High Earner Catch-up Contributions
Higher-earning individuals and plan sponsors have been handed a two-year reprieve on a change to catch-up contributions in retirement accounts. What are catch-up contributions? For individuals age 50 or older, the 2023 IRS annual limit of $22,500 for individuals contributing to a traditional or Roth 401(k) is expanded, allowing for an additional $7,500 in catch-up…
How Will You Pay for the Long-term Care You’re Likely to Need?
Plan early to thrive, not just survive, in your golden years.
How the SECURE 2.0 Act Helps Small Businesses
Legislation sweetens the pot for business owners wary of offering retirement benefits.
Colorado Mandates Retirement Savings Plans in 2023
In 2023, Colorado joins a growing list of states requiring most businesses to offer an employer-sponsored retirement savings program, like a 401(k) plan or Simplified Employee Pension Plan (SEP). Most employers that don’t offer a workplace plan must enroll employees into a Roth IRA-based plan sponsored by the state called Colorado SecureSavings. For small businesses…
Retirement Planning: Is There a Best Time?
Instead of normal retirement age, it may be better to pursue a personal retirement savings target When is the right time to retire? Some believe there is an “ideal” age at which all the financial stars and years of preparation align. If so, it could be age 67—or full retirement age (FRA) for anyone born…
Retirement Savings Enhancements Coming Soon
SECURE Act 2.0, currently in reconciliation, would likely make saving for retirement easier.
IRS Offers Rollover Relief for 2020 RMDs Already Taken
New IRS guidance provides rollover relief for 2020 RMDs taken from certain retirement accounts.
Timely Insights About Employer Contributions to Retirement Plans
As businesses struggle to manage cash flow in challenging times, they need to know how to manage retirement plan contributions.
Retirement Provisions in Coronavirus Aid, Relief & Economic Security Act
Recently enacted CARES Act includes new retirement provisions to help investors.