As tax season ramps up, many people focus on their immediate tax bill. But taxes aren’t just a once-a-year concern—they play a role in your financial picture year-round. One of the most effective ways to manage your tax exposure is through a tax diversification strategy that spreads investments across different types of accounts to balance […]
The Internal Revenue Service (IRS) released final regulations and guidance on updated required minimum distribution (RMD) rules. These rules were proposed in the Consolidated Appropriations Act that was signed into law in early 2023. Dubbed “SECURE 2.0”, this law made changes impacting retirement plan participants, IRA owners, and beneficiaries. For many, these proposed rules generated […]
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023. “SECURE 2.0” is a spending bill intended to make retirement savings more straightforward and more accessible. It includes many aspects of financial planning and promotes retirement savings. This is a high-level summary addressing the items most likely to affect our clients. […]