OPTIONS FOR TRANSITIONING WEALTH TO YOUR GRANDCHILDREN Aside from a last will and testament or a trust, there are several ways to effectively transfer your wealth to your grandkids. The tax laws affecting estate planning have changed and created unique opportunities, but many of the provisions may expire in 2025. With the newly increased gift...
Got Savings? If not, legislators want to help you build a “nest egg” and may have some retirement-policy changes headed our way in 2019. Retirement legislation has bipartisan support and could lift IRA age caps, help small employers, boost the use of annuities, and defray start-up costs for new 401(k) plans. The Senate bill, known...
Economic Changes Ahead for 2019 At TFGFA we like our clients (and soon to be clients) to stay abreast of economic trends and ahead of the financial curve. Although no one has a crystal ball, these are the winds of change we see blowing your way: Evolving Workforce: The workforce of the future will be more...
401(k) Plan Answers to Frequently Asked Questions 401(k) rules for retirement savings can sound like a foreign language to many, confusion abounds no matter what your job status or pay scale. It’s easy to get started and enroll if your employer offers a plan – it may come with eligibility requirements like a waiting period...
New 401(k) and IRA Contribution Limits Ahead for 2019! Wouldn’t you like to put an extra $500 aside in your 401(k) or IRA? Well in 2019 you can do just that thanks to the IRS annual cost of living increase. That means participants can contribute a total of $19,000 pre-tax in 2019 to a 401(k),...
