The Macro View

Retirement Plan Issues Continue to Be a Priority for Congress

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The original SECURE ACT was passed into law in December of 2019 way back when we could go to movie theaters.  Flash forward 10 months and the chairman, Rep. Richard Neal (D-MA) and ranking member, Rep. Kevin Brady (R-TX), of the powerful U.S. House Ways & Means Committee have introduced a sequel to the SECURE Act – “Securing a Strong Retirement… Read more »


IRS Announces 2021 Contribution, Benefit Limits

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The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 and after a year full of change there will be little changes to the limits next year. Important limits for Plan Sponsors to be aware of: 401k Plan Limits 2021 2020 Maximum Employee Deferral $19,500… Read more »


CARES Act Waives Required Distributions in 2020

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  The Coronavirus Aid, Relief, and Economic Security (CARES) Act, a wide ranging fiscal relief package aimed at helping Americans confront the economic challenges brought on by the Covid-19 pandemic, contains a series of unprecedented maneuvers including the much discussed stimulus check provision and the Paycheck Protection Program (PPP).  While these two features of the… Read more »


ROTH IRA Conversions: A Powerful Planning Tool in 2020

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  Over the last 8 weeks the world has changed.   The exact changes are not yet known but certain probabilities that impact long-term financial planning have shifted.   We believe these changes have made ROTH conversions a more important strategy than ever for young savers looking to reduce their future tax burden and for older savers looking to maximize wealth transfers to their kids…. Read more »


SECURE Act’s Impact on Personal Financial Planning

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  Earlier this year I had the privilege to meet with lawmakers on Capitol Hill to provide industry feedback on the implications of the Setting Every Community Up for Retirement Enhancement Act (aka the SECURE Act).   As expected the SECURE Act was included in the spending bill that Congress passed on December 19th.   The spending… Read more »