Employee Stock Ownership Plan (ESOP) is a common way small and midsized companies compensate their employees. ESOP owned companies have a long track record of being employee centric, lower rates of layoffs, and fewer corporate changes. 

That being said, employee-owned companies can be purchased by external buyers (competitors, private equity firms, etc.).  Check out this article to discover some possible outcomes.

‘Super Catch-Up’ contributions will allow workers who turn 60-63 during the year to contribute even more beyond the normal Catch-Up contribution.  This additional $3,750 is a welcome addition for many pre-retirees. Read the full blog for all the details!

On April 16, 2024 the IRS released Notice 2024-35, providing updated guidance on the “10 - year rule” that outlines how Required Minimum Distributions (RMD) must be taken from inherited IRA/401k/403b/etc. If you’ve been wondering how this guidance may impact you or your heirs, this article will help.

Practical tips on how to navigate a received inheritance; what to do first, how to manage the hierarchy of saving, and how to simplify the process to get everything in order.

If you’re not familiar with the term RMD, the Internal Revenue Code requires owners of retirement accounts to begin taking money out of these accounts every year once reaching age 73, this is known as a required minimum distribution (RMD). Since these accounts have benefited from tax-deferred growth. this is Uncle Sam’s way of getting his share.

Social Security can be claimed as early as 62 or as late as age 70. Upon reaching full retirement age, you are eligible to receive the basic benefit amount. However, the timing of when you file will determine if you receive more or less than the basic benefit amount.