Q: What makes 2020 a unique year for retirement? A: Big changes to retirement account rules. You can attribute those changes to two major pieces of legislation: the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. You may not have to withdraw money

Tax-Loss Harvesting A useful year-end move to counteract capital gains.  Provided by Ken Heck   Even though this may end up being a subpar year for stocks, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize

The Federal Reserve’s Unprecedented Moves What they are. How they help.  Provided by Ken Heck   In response to the COVID-19 pandemic, almost every state in America is under some sort of stay-at-home order. This unprecedented time has also led many businesses, large and small, to downsize or close up shop entirely. In response

Business Continuity Plans Prepare now to better protect your business in the future.  Provided by Ken Heck   As a business owner, you’ve worked hard for your success. The long hours, the difficult decisions, and the sacrifices you have made have led to where you are today. The last thing you want is to

In this Q1 recap: COVID-19 hits the United States, followed by heavy economic volatility, government stimulus, and an as-yet untold human cost. Quarterly Economic Update A review of Q1 2020, Presented by Ken Heck THE QUARTER IN BRIEF The spread of COVID-19 sent stocks tumbling in the first quarter, as health and economic costs

In this Q4 recap: Equities maintain their momentum to close out a strong year on Wall Street, helped by a slight thaw in the U.S.-China trade dispute and some better-than-expected domestic economic data. Quarterly Economic Update A review of Q4 2019, Presented by Ken Heck THE QUARTER IN BRIEF Movement in U.S.-China trade negotiations,

When you reach age 70½, the Internal Revenue Service instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are also called Required Minimum Distributions (RMDs). You will make them, annually, from now on.If you fail to take your annual RMD or take out less than the required amount, the I.R.S. will notice.

New I.R.S. Contribution Limits The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. *Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you will be 50 or