SECURE 2.0 creates new backdoor Roth opportunity
Beginning in 2024, the SECURE Act allows unused funds from a college savings plan to be transferred to a Roth IRA in a form of backdoor Roth strategy.
Page 7
SECURE 2.0 key provisions to impact planning
The SECURE 2.0 Act seeks to enhance retirement savings and will likely impact a variety of retirement planning and tax strategies.
Key tax figures for 2023
Due to the surge in inflation, many key tax figures annually adjusted for inflation will increase in 2023.
SECURE 2.0 closes in on the finish line
SECURE 2.0 garnered significant bipartisan support in Congress and expands on the goals of the 2019 bill to help people save more for retirement.
Time is running out for certain tax breaks
With the mid-term elections coming to a close with the run-off election for the Georgia Senate seat, Congress turns its attention to some must-pass bills before the end of the year. First, funding for the federal government expires on December 16, requiring Congress to pass an omnibus spending bill or continuing resolution. Additionally, lawmakers must
Five year-end planning ideas for retirement savings
Year-end is an opportune time to review retirement savings plans and determine if any adjustments are needed.
Changes to key figures for Social Security, Medicare in 2023
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.
Year-end planning review checklist
A year-end review provides an opportunity for taxpayers to see if action is needed on their portfolios and strategies.
Webinar: Tax outlook and year-end planning
As year-end approaches, Join Bill Cass and Chris Hennessey for a discussion of the impact of the elections, the outlook for the tax landscape and planning ideas. The webinar will be held November 17, 2022 (1 p.m. ET). Highlights of the discussion include: Recap of the mid-term elections and impact on policy Prospects for the
Important estate planning moves before year-end
Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.