SECURE 2.0: Big Impacts for Small Businesses
As a small-business owner, one of the best benefits you can provide employees is an employer-sponsored retirement plan. The SECURE 2.0 Act makes providing a retirement plan for your employees easier.
The Retirement Income Gender Gap: Dealing with a Shortfall
As a woman, if you find yourself facing a retirement shortfall, the best solution will depend on several factors, including the severity of your projected deficit, how long you have before retirement, and how long your retirement may last.
When Emergency Strikes, Should You Tap into Your 401(k)?
This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, Client Relationship Manager—Retirement Services, Justin Wagner, AIF®, and Associate Peter Lynch discuss the situation of an investor who wants to borrow from his 401(k) for an emergency.
How Taxes Impact Your Retirement-Income Strategy
Retirement might seem worry-free, but there can be challenges when managing their income, and how taxes affect them, including how taxes affect to Social Security and Medicare and when to tap taxable and tax-advantaged accounts.
The One Percent Difference
In this Planning Priorities episode, Scott Brown, CFS®, Senior Consultant, Retirement Services, explains how just 1% can make a difference in your retirement savings.
When Should Young Adults Start Investing for Retirement?
As young adults embark on their first real job, get married, or start a family, they might want to make preparing for retirement a financial priority. The best time to start investing is now — for two key reasons: compounding and tax management.
Looking for Quick Cash? Try to Avoid Retirement Savings
If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting option. However, if you are under age 59½ and withdraw money from a traditional IRA or qualified retirement account, you will likely pay both income tax and a 10% early-distribution tax on your federal return; your state may also charge an early-withdrawal penalty in addition to the regular state income tax.
Plan for Health Care Costs to Protect Your Retirement Savings
Chief Investment Officer Troy Harmon, CFA, CVA, Managing Associate Jarrett McKenzie, CFP®, CWS®, and Senior Associate Logan Daniel, CFP®, CRPC®, team up to address a couple’s question on how to budget for health care costs in retirement, as reports show retirees can need anywhere between $212,000 and $383,000 for health care costs.
Social Security Offers Benefits from Birth Through Old Age
You may think of Social Security as just something for retired people. However, Social Security is with you throughout your entire life. We explain more!
The Benefits of Tax-Advantaged Savings Vehicles
Taxes can take a big bite out of your total investment returns, so it’s helpful to look for tax-advantaged strategies when building a portfolio. But keep in mind that investment decisions shouldn’t be driven solely by tax considerations; other factors to consider include the potential risk, the expected rate of return, and the quality of the investment.