Breaking Down the SECURE Act

February 14, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on Jan. 1, 2020, and there have been a lot of questions about what impact the new law will have on employees and their retirement plans.

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The SECURE Act’s Impact on IRAs and Roth IRAs

February 14, 2020

The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019 changed several aspects of retirement accounts and plans. The law, which went into effect on Jan. 1, 2020, consists of 29 provisions that deal with several aspects of retirement savings plans and accounts including Required Minimum Distributions (RMDs) and inherited IRAs.  This discussion will focus on the SECURE Act’s impact on IRAs and Roth IRAs and will touch on some new benefits to account holders and some new regulations on inheritances. 

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Financial New Year’s Resolutions for 2020

January 1, 2020

Making New Year’s resolutions is a great way to plan to be better in the new year. Unfortunately, sticking with those resolutions isn’t as easy as setting them. Whatever is on your list for the upcoming year, whether it is to get in shape, spend more time with family and friends, or save more and spend less, setting definable and realistic goals is a key to success.

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Should I Take My Pension as a Lump Sum or an Annuity?

November 12, 2019

You are getting ready to retire, and you have a defined benefit pension that will kick in once you stop working. You may have the option of taking the pension in the form of a one-time lump sum distribution or as lifetime monthly payments. So, which should you pick?

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The Fed’s Role in Determining Interest Rates

October 4, 2019

Interest rates have been in the news recently due to the Federal Reserve’s decision last month to cut the target for its benchmark interest rate level by .25% to a range of 1.75% to 2%. This cut on Sept. 19 (announced Sept. 18) was the second time the Fed cut rates in 2019.

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