The SECURE Act was passed into law late last year and became effective on January 1, 2020. It represents one of the most sweeping changes to retirement plans in decades. Are you a business owner who maintains a retirement plan for your employees? If so, you need to pay attention. Provisions in the SECURE Act […]
How to Stretch the Tax Benefits of Your Retirement Plan
IRA beneficiary planning is often overlooked as a tax-saving strategy. Failing to designate an IRA beneficiary, or choosing the wrong beneficiary, may cause unwanted tax consequences. Beneficiaries affect the speed of distributions Typically, at age 70 1/2 you are required to start taking distributions from your plan. April 1st, following the year in which you […]
Can I Withdraw Money From My Retirement Plan for Postgraduate Courses?
Yes. You can withdraw money from your retirement plan without penalty for postgraduate courses. But understand that doing so may impact your retirement plan and financial goals. I received this question over the weekend: “Mike, I had asked you previously about withdrawing money from our retirement plan. You responded that with all the penalties and […]
Benefits of a Cash Balance Plan – FREE Webinar
Register here for our free webinar on cash balance plans. Learn how to create more flexibility in your retirement plan funding.
Are You Planning for Retirement?
5 tips that will help you give consideration to your Social Security Benefits.
Retirement Plans and Planning: Know Your Responsibilities
Many physicians and dentists who maintain an independent practice have learned that sponsoring a qualified retirement plan through their business can be a great savings tool. Even though the stock market hasn’t performed as they might have desired over the past several years, doctors and owners of healthcare businesses are still able to put good […]