Impact of the 2023 Appropriations Bill on Retirement Savings

In the last week of 2022, President Joe Biden signed into law the Consolidated Appropriations Act of 2023. The $1.7 trillion omnibus spending bill covers a huge range of topics, from spending in support for Ukrainian defense to the social media apps federal employees are allowed to download on their government-issued devices (hint: not TikTok). […]

When does it make sense to convert a Traditional IRA to a Roth IRA?

We all know that contributing to retirement accounts early and often is good advice, but many of our clients question whether it is more beneficial to invest in a traditional IRA or Roth IRA. The answer to this is different for every client and depends upon the expected cash flows during their working years and […]

Understanding Qualified and Nonqualified Retirement Plans

The Employee Retirement Income Security Act (ERISA) protects employees by setting out minimum standards that retirement and health care plans must meet. Since the law’s inception in 1974, these requirements have evolved, but its core principles remain: Responsibility of fiduciaries in managing plan funds. Disclosure of information about the plan and its investments. Right to […]