Strategies for Distributing an Inherited IRA Under the SECURE Act

Since the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, a whole slew of changes surrounding retirement accounts has come into existence (we summarized some of those changes here). One such change is the elimination of the “stretch IRA,” or the ability of the beneficiary of …

5 Questions Everyone Can (and Should) Ask Themselves Before Retirement

What do you think of when you hear the word “retirement”? Do you think of travelling to far off, exotic places? Working on your golf game with all your newfound free time? Visiting your children and grandchildren as often as you (or they) want? Maybe you enjoy your career so much you will continue to …

Highlights of the Historic Coronavirus Aid, Relief, and Economic Security (CARES) Act

In an effort to mitigate the effects the ongoing COVID-19 pandemic is having on Americans in every sector of the economy, the federal government signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. While this historic bill approves a $2 trillion emergency stimulus package aimed at providing broad …

Previous Employer Retirement Plans [401(k), 403(b), Etc.] – What Do You Do With Them?

by Adam Oerther, CFP® One employee benefit companies often use to attract and retain talent in the workforce is access to a retirement plan, such as a 401(k), 403(b), or SIMPLE IRA plan. These types of plans allow you to make pre-tax contributions, which not only lower your taxable income for the year but also …

Tax Planning for 2018

by Sean Guldi, CFP® It is all over the news – Congress and the Trump administration are busy attempting to enact a large-scale overhaul of the tax code. Uncertainty abounds with respect to the details, and there is still a chance the overhaul does not make its way through both the House and the Senate …

End-of-Year Tax Planning Strategies

No matter your political leanings, paying taxes is a fact of life and an integral part of modern society. However, the federal government recognizes many different tax-advantaged strategies that lower your tax bill when the time to file comes around each year. This article will focus on a few of the more popular of these …

Retirement Planning: Is There a Magic Number or Formula?

by Sean Guldi, CFP® According to the Pew Research Center, over the next 15 years roughly 10,000 Baby Boomers turn age 65 every day. This may not mean retirement for all of them, but the largest demographic cohort in our country will be a driving force that increases the need for Retirement Planning. Many of …

Social Security Seminar

On January 21st, a collaborative effort was made by John Murphy of B&C Financial Advisors and George Koury of George Koury & Associates to help seminar attendees better understand their benefit options in regards to Social Security and Medicare. They discussed as people approach retirement, it is important for them to understand their government provided …

A Big Change Just Happened With Social Security and No One Said a Thing

Many people may know Congress recently passed a Federal Budget Agreement, which was largely supported by the President in order to increase the debt ceiling. What many people may not be aware of, however, is there were changes in the agreement that closed several loopholes within Social Security that previously allowed people to increase their …

What is Your Plan for the Future?

We all think about what we want for ourselves in retirement, in our careers, or even where we want to live. There are many things one can do to help get themselves there; however, many of us do not know where to start. This is why everyone needs a financial plan. Whether planning how long …