Investment Insights Blog | Plancorp | retirement planning

10 Things To Do Now If You’re A Decade Away From Retirement

For most of your life, saving for retirement probably wasn’t a high priority. But as the years count down on your career, nerves set in and rhetorical questions start flooding your head: Have I saved enough? Did I invest too aggressively? Do I have the right kind of insurance? Read more…

IRS Provides Additional Relief for 2020 Required Minimum Distributions

Earlier this year Congress passed the CARES Act as part of the legislative response to COVID-19. The bill includes a waiver of required minimum distributions (RMDs) for the 2020 tax year for IRAs (including inherited IRAs and Roth IRAs) and defined contribution plans. Read more…

3 Ways to Strive for Financial Freedom—Even During a Pandemic

We live in uncertain times. The deluge of depressing news only reminds us of the many things that are out of our control. Read more…

What Business Owners Should Look for in a 401(k) Advisor

We know business owners don’t start their business to oversee healthcare plans or manage a 401(k) plan. However, benefit plans are necessary to recruit and keep employees, so it’s important to find someone you can trust will help your plan, your employees, and your business. Read more…

What Women Need to Know About the SECURE Act

At this point in your life, you probably worry more about paying back student loans than you do saving for retirement. However, the days of retiring to a Florida beach — or wherever floats your boat — aren’t as far off as they seem. Read more…

What the SECURE Act Means for Your Financial and Estate Planning

After a bumpy road for the new retirement bill in Congress, the SECURE Act came into effect on Jan. 1. Also known as the Setting Every Community Up for Retirement Enhancement Act, the law is one of the most comprehensive pieces of legislation to reform retirement savings. Read more…

Considerations When Planning for Retirement: Unexpected Healthcare Expenses

I often tell people that I lived a Norman Rockwell childhood. My parents provided a home full of love and encouragement. Our grandparents lived nearby and most of our extended family lived within a 30-minute drive. We celebrated holidays, birthdays, and often gathered for no reason at all. As a Read more…

The SECURE Act just passed. What is it? How will it affect you? When does it go into effect?

The SECURE Act just became law. The SECURE Act is the largest change to corporate retirement plan laws since the Pension Protection act of 2006, so if you are a business owner, help operate your company’s retirement plan or a CPA there are a lot of changes to be aware of.  Read more…

2020 Retirement Plan Limits

The IRS announced the new limits for 2020 retirement savings and the amount that 401(k) participants, or participants in similar employer sponsored plans can save is increasing. Participants that are over the age of 50 and eligible for the catch-up contribution will experience an increase in Read more…

The Tax Benefits of a Partial Roth Conversion

It always hits our clients at some point after age 50. Retirement is no longer a mirage off in the distance—it’s a real event that’s coming into sharper focus. With that clarity comes new questions about turning retirement savings into retirement income.  Read more…

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