2019 saw the passage of the SECURE (Setting Every Community Up for Retirement Enhancement) Act at the eleventh hour. We wrote late last year about some key provisions to the act that have potential to impact your retirement accounts, depending on your finances (please see https://kuligfinancial.com/the-secure-act-and-its-potential-impact-on-your-retirement-accounts/). This post… Read More »SECURE Act Passes in Congress
Despite all the other things Congress has to do, it has been busy working on the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement (please see https://www.congress.gov/bill/116th-congress/house-bill/1994 for a link to summaries of the bill). If passed, the Act would be the first major… Read More »The SECURE Act and its Potential Impact on Your Retirement Accounts
Roth IRAs and 401(k)s are wonderful savings vehicles. Although you cannot claim a tax deduction for them, their earnings are untaxed and there is no income tax due when withdrawn in retirement, providing some requirements are met. Whenever possible, we recommend some portion of savings be devoted to… Read More »Roth Savings Strategies for High Earners: Strategy #1 – the Back Door Roth IRA
We were pleased to recently be featured in Financial Advisors IQ, an on-line service provided by the Financial Times for advisors. For the article, please see https://financialadvisoriq.com/c/1221023/135053. Financial Advisor IQ (FA-IQ) is a member of the Financial Times family of news services covering the investment management industry, including sister… Read More »Kulig Financial Advisors Featured in Financial Advisors IQ
At this time of year, I usually like to write to everyone about charitable giving and thankfulness for the blessings that have come our way in 2015. However, if you haven’t already heard, I need to communicate the impact of a recent Congressional budget deal on Social Security… Read More »Budget Deal Kills File and Suspend Social Security Strategies
Because the markets have been rocky recently, I write to put these events in context. Market drops usually create an emotional response, when what we really need to do is to step back, take a deep breath, and behave rationally. If you have done planning with me, that… Read More »Putting Recent Market Events in Context
This quarterly market review is a bit delayed. Nonetheless, we will take our regular temperature of the markets, with a bit of an update through October, since things keep changing. As usual, our goal is to look at recent market results, put them in perspective, and see how that… Read More »2014 Q3 Market Review: Volatility Returns
This month’s post is a bit more philosophical than usual. Often I provide market reviews, the latest on Washington’s background chatter on things financial, Federal Reserve policy, etc. In other works, hard information you can put to use. But equally important to information is the mindset we bring… Read More »Seven Financial Lessons from the Greatest Generation
We have historically recommended that clients do trustee-to-trustee transfers when transferring assets from 401(k) to IRAs. But a recent ruling gives you yet another reason to avoid taking a check and along with it, the responsibility of making the rollover within a short window of time to avoid… Read More »IRA Rollovers: Important Rule Changes
Recent events at Pimco illustrate how things can change even at the best of firms. We discuss how this illustrates the monitoring required if you use active managers, the limitations of many 401(k) plans, and how it relates to our philosophy on using mostly passive investment in client… Read More »Upheaval at Pimco: What it says About Using Active Management