SECURE Act is Signed into Law

SECURE Act is Signed into Law

by | Dec 30, 2019 | Newsletter

The bill was tucked into the 1,700 page, $1.4 trillion Further Consolidated Appropriations Act, 2020 (H.R. 1865, as amended) to fund half the government for the remainder of fiscal year 2020, which began Oct. 1. The House of Representatives approved H.R. 1865 on Dec....
The Real Cost of Loans

The Real Cost of Loans

by | Nov 15, 2019 | Newsletter

Ashley Patrick and her husband, both in their late twenties, took out a $25,000 loan from his 401(k) account to pay for a home renovation. Then he lost his job, which triggered mandatory full repayment within 90 days. They didn’t have the cash to pay off the loan, so...
Fall 2018 Newsletter

Fall 2018 Newsletter

by | Sep 6, 2018 | Newsletter

Earlier this year, the Bipartisan Budget Act of 2018 was passed by Congress and signed into law. While this law made several changes that impact retirement plans, one provision changing the rules around hardship distributions is particularly notable. As a result of...
Summer 2018 Newsletter

Summer 2018 Newsletter

by | Jun 28, 2018 | Newsletter

Many American workers participate in company retirement plans, methodically contributing to their accounts over time to fund for life after work. Beyond benefiting from employer-funded plans, retirees commonly draw from additional savings tucked away in IRAs or...