Fighting COVID-19 is pricey. Social distancing and quarantines have stalled the economy. The CARES Act seeks to mitigate costs for business and individuals.
The CARES Act has provisions that may affect you and your family. In this article, we outline the recent stimulus-related bills and their implications.
The SECURE Act changes many of the tax laws surrounding retirement assets. IRAs, 401(k)s,
In today’s political climate, anytime a bill passes the House of Representatives by 417-3, it’s worth noting. In this case, it’s the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement, a bill making reforms to the retirement savings landscape. The bill passed the House on May 23rd. Though there appears to [Learn more…]
Only a few months ago I wrote How the DOL’s New Fiduciary Rule Will Affect Retirement Advice. In doing so, I threw three years of law school education out the window and broke one of the profession’s cardinal rules: Never speak in absolutes! (As if “never” weren’t an absolute!). I’d like to take this opportunity [Learn more…]
The Department of Labor (“DOL”) recently published a new rule that will hold all financial professionals to the same standard when offering retirement advice. In its simplest form, the new rule provides that financial advisors and brokers must act in the best interest of their clients when providing retirement advice. This best interest, or “fiduciary” [Learn more…]