Retirement planning

TOPICS / PERSONAL FINANCIAL PLANNING

March 30, 2022

‘SECURE 2.0’ would further expand retirement savings options

Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.

March 23, 2022

Roth IRAs: Are they right for your client?

The choice between a Roth IRA and a traditional IRA in saving for retirement depends on the person’s age, tax bracket, expected future earnings and other factors.

October 14, 2021

The long-term-care quandary: Helping clients prepare

Long-term care is a critical topic when discussing retirement plans with aging clients.

May 4, 2021

Tax returns are underrated financial planning tools

Tax time provides an excellent opportunity to create or update a financial strategy. By examining your tax returns, you can glean information that can help you build a financial plan.

November 1, 2020

COVID-19 and withdrawals from retirement plans

Taxpayers under financial duress caused by the pandemic can avoid penalties.

October 26, 2020

Inflation-adjusted income ranges for 2021 IRA and 401(k) plans

The IRS announced that the income ranges for employee participation in workplace 401(k) plans and IRA contributions will increase from 2020 to 2021. Most of the other retirement plan contribution limits stayed the same, however.

October 19, 2020

Unclaimed property distributions allowed as self-certified rollovers

The IRS issued guidance adding state unclaimed property fund distributions to the list of reasons that taxpayers may self-certify that they missed the 60-day deadline to roll over funds to a qualified retirement plan.

October 1, 2020

Time to consider a Roth conversion

A qualified rollover contribution to a Roth IRA or an in-plan rollover to a designated Roth account, known as a Roth conversion, can be attractive for CPA advisers’ clients because it provides a higher net present value of cash flow from their retirement savings, benefiting themselves or their beneficiaries.

September 1, 2020