401Ks
Hardship withdrawals are on the raise
The state of the economy has prompted some individuals to withdraw from their retirement savings accounts. In 2023, almost four percent of workers took hardship distributions from their 401Ks. Although most people think this is a short-term solution, it does…
SECURE 2.0 Drafting Error Could Cause a Change in Retirement Planning
A drafting error baked into the SECURE 2.0 act passed by Congress and signed into law last December would, if not corrected, have an effect on those planning on making catch-up contributions in their employer-sponsored retirement accounts in 2024. Specifically,…
Don’t let the current market whiplash spook you!
These are tense times for retirees and those looking near term at retirement. It would be naive to say that all is well, although history tells us things will settle down and there will be a recovery, but what is…