Retirement
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By Sarah Bishop, Senior Retirement Plan Advisor As a business leader, investing in the financial wellness of your workforce is a strategic decision that can directly influence productivity, employee turnover, healthcare costs, and the overall…
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By Amber Jones, ABFP™ – Retirement Plan Education Advisor Have you ever made a decision and then reflected on the factors that influenced your choice? Extensive research demonstrates a connection between the psychological factors driving…
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Welcome to this month’s Ask the CFP® segment. Today, we are going to discuss a financial strategy that could have a positive impact on your retirement planning: the Backdoor Roth IRA. Now, you might be…
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The Johnson Team Making the right investment choices can be the difference between a comfortable retirement and an uncertain future. Converting a Traditional IRA into a Roth IRA is a popular wealth management tactic for…
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On April 23, 2024, the Department of Labor (DOL) announced a significant overhaul to the Retirement Security Rule that strengthens fiduciary responsibilities for financial advisors dealing with retirement plans and IRAs. This comprehensive update to…
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Think you know your retirement number? Think again. More specifically, think differently. The concept of a singular retirement age isn’t helpful once you start thinking about it. A one-size-fits-all standard would be particularly absurd, but…
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Wesley Sebacher, CFP®, CAIA® Planning for retirement is a crucial financial endeavor, and one of the key factors to consider is the interest rate environment. Interest rates have a significant impact on various aspects of…
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Jan. 2024 Welcome to this month’s Ask the CFP® segment. Today, we’ll talk about making the shift from saving to spending when you retire. Can you remember your first paid job? Maybe it was…
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By Michael Torney, CFP®, J.D., LL.M. Nearly everyone spends decades contributing money to a 401(k), Individual Retirement Account or other retirement plans that defer a portion of their income tax bill. These plans and accounts enable…
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By Sarah Bishop, Retirement Plan Advisor – Learn more about our Retirement Plan Service The Internal Revenue Service (IRS) announced increases to retirement plan limits for tax year 2024. These cost-of-living adjustments were published on Wednesday,…
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Hello everyone and welcome to this month’s Ask the CFP® segment. This month’s question is, “How do I find my 401(k) expenses? We all know there’s no such thing as a free lunch. 401(k) plans…
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Senior Tax Strategist – Abby Donnellan CPA The SECURE 2.0 Act of 2022, signed into law on 12/29/2022, builds on the prior SECURE Act of 2019 and focuses on helping Americans save for retirement. Below…
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Successful business owners do a lot of things well, and they make it look easy. This is often a sign of well-running processes and years of discipline. However, it can also be a trap for…
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Hello! This month’s Ask the CFP ® question is “When should I begin taking Social Security?” This is a question we hear often, and the answer is…it depends. You can begin drawing Social Security benefits…
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By Wesley Sebacher CFP® You may wonder how you will provide yourself a paycheck in retirement? Or how you will coordinate your savings and future retirement income. Often forgotten, is how your retirement savings and…
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This month’s Ask the CFP® question is What did Congress change in SECURE Act 2.0? Within the large appropriations bill passed by Congress in December of 2022 were multiple changes to retirement accounts and tax…
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Welcome to this month’s Ask the CFP ®segment. This month’s question is, how are 401(k), IRA, and Roth limits changing in 2023? Contribution limits for retirement plans have increased for 2023. In addition to providing…
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A slumping stock market, a slowing economy and a Federal Reserve that has signaled further increases in interest rates to combat inflation helps create a cause for retirees to make smart decisions in an effort…
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CWCJ – Senior Advisor This could be the perfect time to convert a traditional Individual Retirement Account (IRA) to a Roth IRA. Roth IRAs have often provided significant benefits to investors. Money in these accounts…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how do I avoid probate with real estate?” If you’re familiar with probate court, you may know it can take…
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By Michael Torney, CFP, J.D., LL.M. As someone approaches retirement, sells a business or inherits money, they need to develop a new skill: staying wealthy. Just as you had a goal to build your wealth, now…
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Are you dreaming of an early retirement? If you start planning now, it may not be out of reach. While you should develop an investment strategy early on, one benefit that often gets overlooked in…
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By Michael Torney, CFP, J.D., LL.M. It’s an unusual time for people approaching retirement. While everyone wants to know if they are financially ready to retire, rising inflation and a slumping stock market may be fueling…
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Each year, the IRS designates contribution limits to qualified retirement plans. Maximizing your annual contributions is one of the best ways to efficiently save for retirement. But not every employer offers a retirement plan, and…