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Steve Coker
- Oct 28, 2019
- 2 min
Big Changes Coming to IRAs: The SECURE Act
New retirement legislation, known as the SECURE Act, has passed in the House of Representatives, has bipartisan support in the Senate, and is showing promising signs of becoming law by the end of 2019. The law makes several significant changes to retirement accounts, including pushing back Required Minimum Distributions from age 70 ½ to age 72, setting a maximum of 10 years to distribute a non-spousal inherited IRA, and eliminating the age limit on IRA contributions. While
Steve Coker
- Aug 6, 2018
- 3 min
Making the Most of Your Roth 401(k)
When it comes to saving for retirement, your 401k plan is a great place to start. 401k plans offer higher contribution limits ($18,500 for 2018) and often include employer matching. Many also allow employees to make either traditional or Roth 401k contributions. So, which should you choose? Traditional or Roth? The answer is, of course, it depends. In this article, we will give you guidelines to help you get the most benefit out of the Roth option in your 401k.
First, let’
Steve Coker
- Mar 20, 2015
- 4 min
Traditional or Roth: Retirement Savings Game Plan
When it comes to saving for retirement, there are a variety of ways to go about it. It’s always a good idea to start by evaluating retirement plans that are available to you through your place of employment. Often, employers will match your contributions, which is an easy way to essentially double your savings, not to mention, earn more from your work. When setting up your retirement plan you’ll be faced with several choices regarding when to start contributing, what type of
