Wealth Management and Retirement Articles

The SECURE 2.0 law includes good news about required minimum distributions from tax-favored retirement accounts. But an earlier law contained bad news for certain beneficiaries of inherited retirement accounts.

If you’re strapped for cash, you might see the money sitting in your traditional IRA as a good solution. But if you’re under age 59½, pulling money from your IRA can come with a hefty penalty.

Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.

The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.

Discover how the generation-skipping tax could impact your estate planning.

If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings.

Don’t ignore tax planning as work slows and retirement gets closer. There could be a new set of tax challenges around the corner.

Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are the rules, along with what happened to one taxpayer who tried to avoid the penalty because he had diabetes.

The cost of college tuition has risen steeply in recent years, so it’s smart for families to begin saving early. One way to save on a tax-advantaged basis is with a 529 plan.

If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How? By converting a traditional IRA into a Roth IRA.

Here are the things to know if you’ve considered converting your existing IRA to a Roth IRA.

With many of the provisions of the SECURE Act now in effect, do you know how they might affect your business?

With provisions already in effect as a result of the SECURE Act, don’t wait to review your plans and make adjustments to protect your retirement savings.

Parts of the new SECURE Act might provide you with tax-saving opportunities related to your IRA or retirement plan.

Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the newly announced limit for 2020.

Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.

Are you still working after age 70½ and don’t want to take required minimum distributions from your 401(k) account? You might not have to.

Changes to the tax law have helped produce bigger paychecks for some taxpayers, but they also could lead to less withholding and a bigger tax bill next year.