Secure 2.0
A Glimmer of Optimism in the Retirement Planning Picture, Perhaps?
Financial security in retirement is a major concern in the minds of many workers looking toward that life phase. So much of the news over the past few years has been gloom and doom, with Social Security’s looming insolvency and…
Retirement Planning: Where do you get your advice?
Planning for a financially secure retirement is, for just about everybody, a daunting process. To be effective, it requires careful analysis, tough decisions, and appropriate consideration of advice from qualified sources. Emphasis on this last point is qualified and, as…
SECURE 2.0 Offers Financial Opportunities for Retirees
It’s been around for a while now, but it’s always good to have a refresher on the provisions enacted in SECURE 2.0 and their potential benefit for those managing their retirement goals. For example, the changes to when required minimum…
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,…
Upcoming changes to your 401(k)
America has a retirement savings problem. The SECURE Act 2.0 is to enhance the retirement savings experience for working Americans. Some of its key elements focus on incentivizing people to save more and prioritize long-term goals; however, sections of it…
Secure 2.0 and RMDs: What’s Changed?
Secure 2.0 was enacted into law in late December, bringing with it a change in the timing for required minimum distributions (RMDs) from retirement plans. It can be a bit confusing for those right around the age to begin, so…
Secure 2.0 and the Retirement Financing Gap: Some Positive News
Much has been written about the disconnect between retirement savings goals and the prospects for reaching these goals. In fact, comparing the results of a Northwestern Mutual study question on how much is needed for a comfortable retirement with the average…
Older workers and current retirees get a boost from Secure 2.0
The recently passed 2023 Omnibus Appropriations bill, now en route to President Biden for signature, contains a host of provisions aimed at benefitting workers preparing for retirement or already in their retirement years. Included in the massive $1.7 trillion package,…