Labor Day marks the end of summer and is dedicated to honoring the American labor movement. The first Labor Day celebration occurred on September 5, 1882, in New York City and was organized by the Central Labor Union.
Labor (To)day
Fourth Quarter 2023 Wealth Management Insights: Gifting IRA Funds to Charity and Other Smart Philanthropic and Tax Strategies
Presenting the fourth quarter 2023 publication of Wealth Management Insights titled, “Gifting IRA Funds to Charity and Other Smart Philanthropic Strategies.”
Third Quarter 2023 Wealth Management Insights: An Empowered and Secure Retirement
Presenting the third quarter 2023 publication of Wealth Management Insights titled, “An Empowered and Secure Retirement.”
Lago on KOIN Wallet Wednesday
Wealth Management Insights: Caring for Ourselves and Our Loved Ones
Collaborative planning for care needs can reduce family stress and ensure our housing, financial management, legal arrangements and healthcare is consistent with our personal preferences. In this quarter’s Wealth Management Insights video, Mary Lago, CFP®, CTFA, shares common decision points and items we can address in advance.
Upcoming Changes to Catch-Up Contributions
On December 29, 2022, Congress signed a piece of legislation called SECURE Act 2.0 of 2022. Compared to the SECURE Act 1.0 that was enacted in December of 2019, which contained 29 provisions and total government spending of $15 billion, the SECURE Act 2.0 contains 92 provisions and $1.7 trillion in spending. Both pieces of legislation were designed to promote retirement security, including attempts to lower barriers to entry for people looking to save, expand access to participation in employer retirement plans and allow for greater flexibility for Americans experiencing hardship.
No New RMDs in 2023
On December 23, 2022, Congress passed the SECURE Act 2.0. This new legislation builds off its predecessor to further improve the U.S. retirement system. Included in the provisions are changes to required minimum distributions (RMDs). Most notably, the new law further pushes back the age at which RMDs must begin.
Fourth Quarter 2022 Wealth Management Insights: Strategic Tax and Philanthropic Planning
Read our fourth quarter 2022 Wealth Management Insights publication in which Mary Lago, CFP®, CTFA, Samantha Pahlow, CTFA, AWMA® and Chris Bixby, CFP®, EA share their thoughts on tax and charitable planning and strategic Roth IRA conversions.
Social Security Claiming Considerations
Scott Christianson, CFP®, discusses the complexities of Social Security benefits and what our clients should understand before they file.