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!

This might be the most common retirement planning question we get — and one of the most impactful. There are many variables to consider but the most important, and maybe the simplest to understand, is your expected longevity.  At its core, Social Security is a supplemental income to help support living during retirement.  The monthly benefit continues to grow 8% per year until age 70 where it hits its maximum and then continues for the rest of your life.

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.

There are a number of financial points to consider (and documents to update) when you’re a new or expecting parent. This checklist provides a simple guide on key things to update (ex. beneficiaries) and organize during this exciting stage of life.

Posted in May 2023, this article guides you through SECURE Act 2.0 and how it stands to impact retirement.