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The House and the Senate have passed, and the President is expected to sign the SECURE Act. This piece of legislation creates some substantial shifts in laws governing certain retirement accounts. The House and Senate had different versions of this Act and we await their final decisions.

Happy New Year!

Five years of blogging!!!! When we first started, we might wonder if we could ever run out of topics. Have no fear, not only did we have plenty to write about in 2019 but we still have a long list of great ones for 2020.

Things change once you leave your 20s behind. In your 30s, marriage figures more prominently. There’s kids or future kids. And of course, you’re in your income-earning, wealth-building years so you start to plan for retirement.

These major themes in your 30s set up 5 financial tasks to tackle.

One of the more dangerous, dangling carrots I have seen lately is the Qualified Opportunity Zone (QOZ).

The claim: “Take Highly Appreciated Stock, Sell It, Invest in a QOZ, and Your Taxes Disappear”

Sounds compelling, doesn’t it? Too good to be true? At least worth a closer look.

Estate planning gets complex sometimes. Clients often ask about the benefits of converting a traditional IRA into a Roth IRA. And there are benefits. So, maybe we should consider them.

Leaving Roth money in an estate has 4 basic benefits.

Many people spend more time planning their vacation than they do planning for retirement. That’s hardly a surprise. After all, vacations are provide more immediate fun! They’re also easier to plan because you know what questions you should ask – (Where will we stay? How will we get there?

• Prince
• James Gandolfini (Tony Soprano)
• Jimi Hendrix
• Aretha Franklin
What do these four people have in common? Legendary entertainers, fame, fortune, and……..the absence of a properly executed will when they passed.

Roth accounts are a great addition to your retirement savings. You put in after-tax dollars and it grows tax-free, which is such a beneficial to supplement your retirement income. By using Roth money, many times in retirement you can help keep yourself in a lower tax bracket, minimizing taxes.

Women are taking on more responsibility for their financial lives compared to previous generations. There are several reasons why this is important. In the past, women have typically worked less than men as they were the primary caregiver, which means they had fewer opportunities to contribute money in retirement plans, savings, and investments.