Automatic salary deferral enrollment. For plan years beginning after 2024, the Act provides that a plan that permits salary deferrals generally will not be treated as a qualified cash or deferred arrangement or annuity contract unless it includes an automatic contribution arrangement (EACA) that satisfies these requirements: Exceptions: Automatic enrollment is not required for SIMPLE […]

Tax-free rollovers from 529 accounts to Roth IRAs. After 2023, the Act permits beneficiaries of 529 college savings accounts to make up to $35,000 of direct trustee-to-trustee rollovers from a 529 account to their Roth IRA without tax or penalty. The 529 account must have been open for more than 15 years, and the rollover […]

When thinking about whether to invest in real estate, the factors you should consider depend on what kind of purchase you’re considering and the reason you’re buying it. Real estate can help diversify an investment portfolio and serve as a hedge against inflation, but there are many ways to do that. Your reasons for buying […]

A real estate investment can be a fairly common transaction, such as the purchase of a primary residence, or it can be a complex commercial venture involving multiple investors and/or syndicates. When choosing a real estate investment, think carefully about your objectives for that investment. Your specific needs may suggest which form of real estate […]

Real estate as an investment can be a way to diversify a portfolio and potentially serve as a hedge against inflation. Returns typically are derived from capital gains, tax credits, and/or rental and lease income.  There are many ways to invest in real estate. Direct investment typically involves the purchase, improvement, and/or rental of land […]

estimated reading time 4 minutes 58 seconds Incapacity — it’s a scenario few of us wish to consider. But what would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose […]

estimated reading time 7 minutes Caring for your aging parents is something you hope you can handle when the time comes, but rarely is it something that is planned for. Whether the time is now or somewhere in the future, there are steps that you can take now to make your life (and your parents’) […]

reading time 7 minutes 15 seconds At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses or the financial challenges of young adulthood while simultaneously looking after the needs of […]

Estimated Read Time: 5 minutes 45 seconds If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this significant life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you […]

Estimated Read Time: 4 minutes You probably already know how important it is to plan for retirement, but where do you begin? One of your first steps is to estimate how much income you’ll need to fund your ideal retirement. But that’s not always as easy as it sounds because retirement planning is not an […]