Category

IRA

How does the CARES Act affect you?

Understanding the CARES Act

By | 2020, CARES Act, coronavirus, Economic Growth, Economic Stimulus, Financial Planning, IRA, Required Minimum Distributions, Retirement Income | No Comments

The widespread economic uncertainty caused by the coronavirus (COVID-19) pandemic has taken a crippling toll on national and local economies alike.  As businesses and employers around the country wrestle with the fallout of closures, layoffs and furloughs the Coronavirus Aid, Relief and Economic Security Act, better known as the CARES Act, was signed into law on March 27th, 2020 to…

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The SECURE Act of 2019 brought about many financial changes

How Does the SECURE Act Impact Your Financial Plan?

By | 2019, IRA, Retirement, Retirement Planning, Retirement Savings, Stretch IRA | No Comments

Amidst the excitement of the holiday season and the seemingly endless coverage of impeachment proceedings in Washington D.C., you have may have missed news of sweeping changes to retirement savings that could have a significant impact to your financial plans.  On December 20th, 2019 President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 into…

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The Stretch IRA may soon be extinct if a proposed bill is signed into law.

Will the Stretch IRA be Extinct Soon?

By | Estate Planning, Inherited IRA, IRA, Stretch IRA | No Comments

A popular estate planning strategy utilized by affluent investors may soon be disappearing.    This past September, the Retirement Enhancement and Savings Act of 2016 passed in the Senate Finance Committee.  If signed into law in the future, this bill would kill the popular stretch IRA strategy that allows investors to pass along large IRA accounts to their children and grandchildren….

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Budget Proposal

President’s Budget Proposal Contains Some Game-Changing Provisions

By | Estate Planning, Financial Planning, IRA, News and Events | No Comments

In early February President Obama submitted his annual budget request to Congress.  Congress will then consider the President’s requests when developing its own budget resolution.  As he has done in years past, the President has included some provisions in his budget proposal that could significantly change some retirement strategies and financial plans.   It is always important to know what is…

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