How Secure 2.0 Makes Retirement Plans Easier and Better for Employers and Employees

Passed with bipartisan support late in 2022 as part of an overall budget package by Congress, the so-called Secure 2.0 provisions represent some of the most significant changes to federal laws around retirement plans. Even more than the original Secure Act from 2019, Secure 2.0 will make retirement savings easier and more accessible to many Americans and will make it easier for businesses of all sizes to offer plans and encourage their employees to participate.

Medicare is a Milestone for your HSA

Think you’re too young to consider Medicare? No matter your age, if you are covered by a qualified high deductible health plan (HDHP) with a health savings account (HSA), Medicare should be on your timeline. It’s a milestone you need to include in your long-term HSA planning. Here’s why: Once you enroll in Medicare, you can spend your HSA funds, but you can no longer contribute to your HSA. Our Compliance Officer Ferne Emery offers some guideposts for along the way.

Build a Flexible Financial Plan with Asset-based Long-term Care Insurance

Long-term care insurance isn’t new, and you may even have a policy already. Affluent families, however, have another option that can leave your plans—and your legacy—intact. Asset-based long-term care insurance can help you meet any healthcare needs you might face without having to change your financial plan and without sinking money into recurring premiums that you may never see again.

Corralling Multiple 401k Accounts Into Your Retirement Plan

Between the ages of 18 and 24, people change jobs an average of 5.7 times. Between age 25 and 34, job movement slows a bit to an average of 2.4. Participating in a 401k plan at even half of those employers would yield four different retirement accounts by the age of 35. Is it legal to have more than one 401k? Yes. Is it advisable? That depends.

Life Insurance Retirement Plans: The Third Leg of the Stool You May Not Know About Yet

Most people have a few different retirement accounts that are in essentially two buckets: tax-deferred vehicles like IRAs, 401(k)s or even a pension and taxable investments in a brokerage or savings account. Many don’t know about the third leg of that stool: a Life Insurance Retirement Plan (LIRP). This is another option that can generate consistent income without a taxable event or capital gains. This would be a tax-free bucket.

Rebuild Your Financial Plan Post-Crisis with Diversification

The number one lesson we should all take after a long period of crisis is that anything can happen at any time. Your financial plan, therefore, should be prepared for any scenario. No matter your age or income, look at your immediate financial needs and long-range retirement plans to prepare them for a major disruption like a sudden loss of income or an unexpected major expense.

Don’t Risk Your Retirement: Financial Planning is for Everyone

Popular opinion says young people have more trouble saving for retirement compared to older generations. That’s a myth. Plenty of people at every age are equally unprepared. You don’t have to be rich or close to retirement to work with a financial planner. In fact, the earlier the better.

Working Longer May Help You Prosper

No one typically dreams of toiling away at the office after they’ve hit full retirement age, but working for a few more years could make a big difference in your post-retirement lifestyle.

6 Money Management Strategies for Retirees

Here are some strategies for retirees to make the most of what they have saved and make sure it lasts.

10 Things You Need to Know about Social Security

Here are 10 facts everyone should know about Social Security before making any retirement plans.

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