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SECURE Act 2.0 Key Provisions for 2023
The SECURE Act 2.0 is now the law of the land and it includes tons of provisions relating to retirement plans. The general focus was on...
mark61504
May 2, 20231 min read
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Social Security Fixes
For all of you armchair policy wonks, the American Academy of Actuaries has created a tool that helps look at possible policy fixes to...
mark61504
Apr 19, 20231 min read
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From College Savings to Early Retirement, The SECURE Act 2.0 529 Rollover
The SECURE Act 2.0 which was passed at the end of 2022 has some pretty interesting provisions in it. One that has caught a lot attention...
mark61504
Mar 30, 20231 min read
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Social Security, How to plan for the unknown?
Nobody wants to enter retirement unsure if they will be able to afford basic goods and services. With meaningful inflation for the first...
mark61504
Nov 22, 20222 min read
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How can Buy Now, Pay Later Hurt Retirement?
Point of sale installment plans seem to be everywhere. Companies like Affirm, Apple, Afterpay, Zip, and Paypal are just a few of the...
mark61504
Nov 3, 20221 min read
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SEC hits Schwab robo-adviser with $187 million dollar fine
Sometimes independence isn't all it is cracked up to be. As fees become a greater focal point of consumers, vendors have tried to lower...
mark61504
Sep 22, 20221 min read
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Stop Saving or Double Down?
When bear markets hit, retirements savers discipline is frequently tested. It can be discouraging to see your account balance go down...
mark61504
Sep 8, 20221 min read
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HSA limits going up
For the super saver's among us, hopefully you are fully taking advantage of your company retirement plan. 2022 limits of $20,500 and...
mark61504
Aug 25, 20221 min read
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Wild Wild West.....of 403b's
Despite all of the talk about 401K plan fees over the last decade, their cousins, the 403b, still lack clarity in terms of their...
mark61504
Aug 5, 20221 min read
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Aren't Stretch IRA's Dead?
Under the SECURE Act, the method of inheriting an IRA and then stretching it out over ones lifetime was greatly diminished. Imagine a...
mark61504
Jul 21, 20221 min read
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Hypothetical Trade-Offs and What They Tell Us About Ourselves
According to a 2021 PLANSPONSOR Participant Survey, the average retirement saver may not be that savvy. That is of course not what the...
mark61504
Jun 3, 20221 min read
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Time in the market, buying at a discount, and other things us financial professionals shouldn't say.
Well, here we are. The first quarter of 2022 stunk for your retirement accounts. The S&P 500 Index was down over 4% and the Barclays...
mark61504
May 16, 20222 min read
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What are the top financial priorities of employees?
According to The Financial Wellness Report, published in partnership with ADP, employees have a lot of concerns. The following is the...
mark61504
Apr 6, 20221 min read
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Another Proprietary Fund Lawsuit: What does independent even mean?
Lowe's famous tagline is "Do it right for less". In the case of their 401K plan, a judge found Aon didn’t violate ERISA when encouraging...
mark61504
Mar 9, 20221 min read
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DOL's ESG Rule & 401K's
The DOL issued a much anticipated rule on the use of ESG investments in retirement plans. The E stands for environmental, the S stands...
mark61504
Mar 7, 20221 min read
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Retirees Waiting to Tap RMDs
Behavior in retirement has been pretty, pretty, pretty good! A research paper from JP Morgan Asset Management shows most people aren't...
mark61504
Feb 25, 20221 min read
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Medicare Premiums: Inflation Strikes Again
The standard Medicare Part B premium which covers doctors visits and other outpatient services increased to $170.10 per month in 2022. ...
mark61504
Feb 23, 20221 min read
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Closing Racial & Ethnic Savings Gaps in 401(K)'s
Black & Latino 401K savings rates are lower compared to their white counterparts according to recent research from T. Rowe Price. The...
mark61504
Feb 2, 20221 min read
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Benefits of Working Longer
Many Americans aspire to retiring early. Social Security ages frequently guide employees decision on when to retire. For older...
mark61504
Jan 25, 20221 min read
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Financial Wellness a Differentiator for Employers
As employers look to differentiate their financial benefits in a tight labor market, one area that is scoring high with employees...
mark61504
Jan 21, 20221 min read
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