Financial Planning

Retirement snapshot: 3 things to know about the average pre-retiree
April 07, 2025
Yes, every candidate for retirement is different. But, whether you’re an individual beginning to eye retirement or a financial planner with a constant eye on helping your clients successfully retire, a snapshot of the typical would-be retiree can provide perspective worth considering.
13 Smart Uses for Your Tax Refund
March 11, 2025
If you have a refund check coming your way, consider using it to bolster your personal balance sheet.
With Trump tax cuts set to expire, tax pros tell businesses not to wait to develop a succession plan
March 10, 2025
There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, especially in the face of an unexpected death. It also can help prepare employees for future leadership roles.
Gig workers unaware of lower 1099-K threshold
January 31, 2025
Millions more taxpayers will be receiving the Form 1099-K in the mail this year for the first time if they were paid $5,000 or more last year through a service such as Venmo, PayPal, Cash App, StubHub, Etsy and Airbnb, and most won't be expecting it.
DOL’s ‘retirement security rule’ runs into obstacles
January 13, 2025
The U.S. Department of Labor's (DOL's) "retirement security rule" (RIN 1210-AC02), which was scheduled to take effect this past September but has been temporarily blocked by the courts, faces doubtful prospects because of court challenges and the change in presidential administration.
DOL’s ‘retirement security rule’ runs into obstacles
January 13, 2025
The U.S. Department of Labor's (DOL's) "retirement security rule" (RIN 1210-AC02), which was scheduled to take effect this past September but has been temporarily blocked by the courts, faces doubtful prospects because of court challenges and the change in presidential administration.
Proposed regulations address 401(k), 403(b) automatic enrollment requirement
January 13, 2025
Treasury and the IRS issued proposed regulations addressing certain SECURE 2.0 Act provisions, including a provision that would require most newly established 401(k) and 403(b) plans to automatically enroll eligible employees beginning with the 2025 plan year.
Treasury, IRS issue proposed regulations on new Roth catch-up rule, other SECURE 2.0 Act provisions
January 10, 2025
The Department of the Treasury and the Internal Revenue Service issued proposed regulations today addressing several SECURE 2.0 Act provisions relating to catch-up contributions, which are additional contributions under a 401(k) or similar workplace retirement plan that generally are allowed with respect to employees who are age 50 or older.
IRS urges many retirees to make required withdrawals from retirement plans by year-end deadline
December 13, 2024
The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act.
Answering common questions about HSAs and Medicare enrollment
November 25, 2024
Americans age 55 and over hold an estimated $52 billion in their health savings accounts (HSAs), according to HSA investment company Devenir's most recent research. It's no surprise that as clients approach Medicare enrollment, they are increasingly interested in continuing to fund their HSAs to provide for current and future health care expenses.