The Internal Revenue Service (IRS) recently extended relief for certain beneficiaries regarding required minimum distributions (RMDs) through 2024. Notice 2024-35, released on April 16, 2024, provides an extension of existing relief for beneficiaries taking RMDs over a 10-year period following the death of a participant or IRA owner who had already begun RMDs. This extension […]
IRS Further Extends RMD Relief through 2024 Read More »
The SECURE 2.0 Act of 2022 was enacted on December 29, 2022, and introduces major changes to 401(k) plans, particularly those sponsored by small businesses. The law is designed to increase retirement plan coverage, enhance savings, and simplify existing rules. Employers need to familiarize themselves with the new provisions to ensure their 401(k) plans comply
Secure 2.0 – Summary Changes 2024 Read More »
In 2024, U.S. large cap stocks had a strong start, jumping by 10.6% according to the S&P 500 index. This surge came after a solid performance in the previous quarter. While most major regions saw gains in equities, U.S. stocks continued to lead the pack. Japan was the only market to surpass the U.S., with
1Q2024 Market Overview – Sustained U.S. Distinction Read More »
Historically, stocks and bonds have shown solid performance during periods when interest rates were above 4%. Key Takeaways: After over a decade of ultra-low interest rates, adjusting to higher rates has been a challenge. However, these “high” rates are actually a return to historical norms: Rates above 4% were common prior to 2008. Historically, higher
Avoid Letting Interest Rates Determine Your Investment Strategy Read More »
