An Upside of Inflation? Retirement Savings Limits Are Increasing Too

By |2022-05-18T11:11:25-08:00February 18th, 2022|Wealth Management Resources|

Time to Read: 4 Minutes While IRA contribution limits remain unchanged for 2022, the IRS has increased the contribution limits for many retirement savings plans. For 2022, 401(k)s, 403(b)s, most 457 plans, and the Thrift Savings Plan for government employees and the armed services will see an increase to $20,500, from $19,500. The catch-up

529s – College Savings Advice for High-Net-Worth Investors

By |2021-11-16T05:06:16-08:00November 15th, 2021|Wealth Management Resources|

Time to Read: 10 Minutes Section 529 plans are arguably the best college savings vehicle around. In this article, we will cover what 529 plans are, why they make such great college savings accounts, and how high net worth investors can take advantage of 529 plans for their estate planning tax benefits.  Introduction to 529 Plans 

Mega Backdoor Roth 401(k) – Retirement Savings Strategies for High Earners

By |2021-11-05T10:21:15-08:00September 2nd, 2021|Wealth Management Resources|

Time to Read: 7 Minutes Maximizing retirement savings and devising strategies to keep taxes low are the cornerstones of building wealth. But with relatively low limits on 401(k) savings, how should high earners invest excess cash? There’s an extremely productive strategy that can turn your 401(k) into a vehicle for saving above the income limits and creating tax-free

Tax Saving Strategies for Higher Earners (Working or Retired): Part III – Qualified Charitable Distributions

By |2021-10-13T12:00:47-08:00August 13th, 2021|Wealth Management Resources|

Time to Read: 6 Minutes Charitable giving may already be a part of your annual tax and estate planning. But if you are over age 70 ½ and have an IRA, you can donate directly from the IRA, satisfy your Required Minimum Distribution, and reduce your taxable income. It’s called a Qualified Charitable Distribution (QCD), and