Robert White’s Post

Congressional leaders released a discussion draft of a bill intended to tackle drafting errors from 2022’s SECURE 2.0 Act. This bill expanded on the SECURE Act of 2019 and made sweeping changes to the Internal Revenue Code and Employee Retirement Income Security Act (ERISA). Learn more about the implications of this delay here: https://okt.to/UV6ClH #SECUREAct #RetirementPlanning

Congressional leaders released a discussion draft of a bill intended to tackle drafting errors from 2022’s SECURE 2.0 Act. This bill expanded on the SECURE Act of 2019 and made sweeping changes to the Internal Revenue Code and Employee Retirement Income Security Act (ERISA). Learn more about the implications of this delay here: https://okt.to/w2K51R #SECUREAct #RetirementPlanning

Congressional leaders released a discussion draft of a bill intended to tackle drafting errors from 2022’s SECURE 2.0 Act. This bill expanded on the SECURE Act of 2019 and made sweeping changes to the Internal Revenue Code and Employee Retirement Income Security Act (ERISA). Learn more about the implications of this delay here: https://okt.to/tJoPkw #SECUREAct #RetirementPlanning

It's a new year and with a new year comes new tax information! Are you in a different tax bracket? What's considered a highly compensated employee? How much more can you contribute to max out your retirement contributions? What's your annual gift exclusion for a non-citizen spouse? I know, these are all the burning questions that filled your mind when you woke up on January 1st and this handy dandy two-pager from Catalyst Solutions Group and M Financial Group is here for you! Save this as a PDF on your digital device, or if you are old school, print it out on your glossiest card stock and frame it in a place of honor so you can have it reference any time you need it. I know that's how you all feel about updated tax information for the new year. Hopefully you find this to be as helpful as I did! #tax #taxes #2024taxes #taxes2024 #taxbrackets #incometax #incometaxes #capitalgains #capitalgainstax #deductions #deduction #federalincometax #childtaxcredit #401k #401kplan #401kplans #highlycompensated #highlycompensatedemployee #hce #simpleira #retirement #retirementcontributions #retirementsavings #ira #iras #rothira #rothiras #estatetax #estateplanning #estateplan #estates #trustsandestates #trust #trusts #willsandtrusts #financialsecurity #2024success #2024planning

Updated Mon, Aug 28 2023 Read the full article: IRS delays change for 401(k) catch-up contributions. Here's what higher earners need to know ▸ https://lnkd.in/ghdwq_km #Roth401(K)Plans #401(K)Plans #PersonalFinance #LifeChanges #IrsDelaysChange #CatchUpContributions #HigherEarners #PublishedMon

Will your 401k be around in ten years? Allison Schrager just argued "No" over the airwaves. She's not the first to say so, and the demise of the 401k was afoot with the Rothification discussion in both Secure Acts. But the notion that this tax expenditure favors too few misses the point. Most Americans save nothing if they don't save at work. As a generalization, it also misses the point that the current system, with market forces continuously compressing fees, works for many, especially when combined with automatic features (with a nod that those features require good process to stay compliant). The referenced article also points to the value of auto-IRAs. From my view, a patchwork of 50-state programs seems unworkable. If the Congress wants to establish a national savings program (whether voluntary or not: see Australia), they already have the structure: open the #ThriftSavingsPlan to U.S. Citizens, instead of limiting that to government workers. And let folks choose whether they save pretax, after-tax, or both regardless of any cap on the annual amount deferred. #401k #AutomaticEnrollment #TaxExpenditures #Fiduciary #FiduciaryFriday #FF022324

Sometimes even Congress has to go back with white-tape and fix a few unintended consequences! Learn more about the latest bill addressing drafting errors in the SECURE 2.0 Act of 2022 and its impact on retirement planning! Check it out here: https://okt.to/Hh6qMC #SECUREAct #RetirementPlanning

When retirees reach a certain age, they're required to begin withdrawing from their IRAs and 401(k)s – and paying taxes on these withdrawals. Learn more about required minimum distributions (RMDs).

When retirees reach a certain age, they're required to begin withdrawing from their IRAs and 401(k)s – and paying taxes on these withdrawals. Learn more about required minimum distributions (RMDs).

When retirees reach a certain age, they're required to begin withdrawing from their IRAs and 401(k)s – and paying taxes on these withdrawals. Learn more about required minimum distributions (RMDs).