The SECURE Act will impact millions of Americans who will inherit or leave behind a retirement account. Effective Jan. 1, 2020, the required minimum distributions on these accounts is 10 years – meaning you’ll likely need to adjust how much you withdraw annually as compared to the previous rules.
Learn the full impact on your RMDs by downloading our “Making Sense of RMDs” whitepaper.
So, did you hop on that new Peloton this morning or have you already broken the streak? Which diet are you planning on starting next week … or maybe the week after? Has your December credit card statement come in the mail and perhaps inspired you to make money-related goals in 2020? New Year’s resolutions are nothing new – neither is breaking them.Read More
Your Health Savings Account (HSA) is a cornerstone of your benefits planning. The money is triple tax-advantaged – contributions, growth and withdrawals for qualified expenses are not taxed. This account is like nothing else, and you need to take full advantage of it.Read More
Stock markets rallied sharply last week as uncertainty continued to fade. U.S. trade negotiators were able to secure approval of the USMCA trade deal in the House of Representatives. While steps remain for its final approval, all indicators are the deal will be ratified in early 2020.Read More
But when the SECURE Act goes into effect – expected on Jan. 1, 2020 – beneficiaries will have to fully distribute taxable accounts within 10 years of the account holder’s death. That could push your loved ones into a higher tax bracket.Read More
Three key policy issues achieved greater clarity last week. The U.S. and China reached a “phase one” trade deal. The U.S. will reduce some existing tariffs and not implement a set of planned tariffs in exchange for greater grain exports and some improvement to technology regulation. China is pressing for phase two negotiations to begin soon.Read More
A powerful jobs report in the U.S. produced continued evidence the U.S. economy is performing well and the risk of recession is lower. As discussed in greater depth below, the economy produced 266,000 jobs in November, and jobs numbers for the previous two months were revised higher. The risk of a recession continues to decline in the U.S.Read More