Can you move a 529 plan to Roth IRA? Yes, you can! Congress included a provision in SECURE 2.0 that allows for rollovers of unused 529 funds to Roth IRAs. Under the old tax rules, if funds in a section 529 plan are not used for education, the earnings are taxable and subject to a […]
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I’ve heard that investors would rather have a root canal with ZERO Novocain versus speaking to an advisor about Life Insurance. So, here is a great educational video on Tips for Reviewing Your Life Insurance Policy. Click on Image. If you need guidance about your own life insurance policies or want a second opinion please […]
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Do you have a 401k account from a former employer, kind of invested, you think, and still being charged FEES? Yes, your old 401k account is not free and you’re being charged fees. So, the question is…. If you would like a no obligation, second opinion on your old 401k account, schedule a strategy session […]
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2021 HSA Contribution Limits The IRS just announced that health savings account (HSA) contribution limits will increase in 2020, giving you and your employees the chance to save more than ever. As a response to rising inflation, the contribution limits into savings vehicles like IRAs, 401(k)s, and HSAs can rise from year to year. A […]
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It’s been my experience that when I first meet with people they tell me that they have major concerns about their money. They were concerned with losing money. Worried about running out of money in retirement. And of course there are many other concerns investors have. And some people are in denial and say “I […]
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Now, more than ever, women are taking ownership of their finances, asking tough questions, and making the choices that are best for their situations. However, a large percentage of women also don’t feel confident about their retirement planning, according to the Midland National white paper, Empowered. If you’re a woman, this lack of confidence, along with […]
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Planning for retirement is often talked about, but making sound financial decisions to move forward can be stressful for some. Your wealth is about more than just investing. In this article we wanted to ask you a lot of questions on many areas of financial and retirement planning. Take a minute to review the topics […]
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The current coronavirus disease (COVID-19) crisis is causing a lot of fear and anxiety for people in the world. According to the CDC, the stress of the outbreak can lead to irritability, anger, or frustration, and even physical problems like stomach pain, nausea, and headaches. To cope with the crisis and ensure your well-being, here […]
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RMDs Waived for 2020 -2019 RMDs due by April 1st, 2020 (If delayed to January 1, 2020 or later) -2020 RMDs from company plans and IRAs -2020 RMDs for plan, IRA and Roth IRA Beneficiaries -RMDs taken this year can be undone if they are eligible to be rolled over. To be eligible: -Must be […]
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What You Need to Know. Among many other provisions, the CARES Act allows participants affected by the 2020 coronavirus pandemic to have greater access to retirement funds. The new law loosens the in-service distribution restrictions that apply to many retirement plans and significantly eases the tax burden on qualified individuals who take distributions from qualified […]
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