A major IRA, 401(k), and retirement overhaul is expected this weekend, catching almost everyone in the financial and retirement affairs community by surprise. After months of inaction, Washington insiders expect Congress to pass the long-delayed SECURE Act. Retirees could see a total revamp of IRA and Required Minimum Distributions rules, some positive, some definitely negative. […]
Tax reform proposals are still in the negotiation stage and may never become law, but investors should be aware that proposed measures in the Senate draft could be harmful to their financial health. At present, in managing your portfolio, we have the ability to select and sell investment shares in a way that allows us […]
We’re keeping a cautious eye on Washington, as Congress floats various tax reform proposals that would change the 401(k) as we know it. One proposal would cap deductible 401(k) contributions at $2,400 (versus $18,000 today). Workers would still be allowed to save, but might need to do so in a Roth-type 401(k) or a non-retirement […]
“The boldest ideas for changing the nation’s tax code are either dead or on political life support, as the Republican effort in Congress to reshape the tax system moves much more slowly than lawmakers and their allies in business had hoped. …. The clear winner, so far, is the status quo.” Richard Rubin, “GOP Bid […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
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