President Trump is expected to sign into law the Setting Every Community Up for Retirement Enhancement (SECURE) act as part of the massive year-end spending bill passed by Congress. Below are the salient points: Removal of the age limit for contributing to IRA plans. The current law prohibits contributions to anyone over 70 ½ years. The proposed law allows anyone 70 ½ or older to contribute to a traditional IRA so long as they have reported income Small companies can ban together and offer a 401(K) plan Will receive tax credits for implementing automatic enrollment. Opt out vs. opt in. …
The Various Forms of Financial Stress
As a financial professional dedicated to serving those families suffering from stress associated with addiction and recovery, I found the following information provided by Rick Kahler, MSFP, ChFC, CFP extremely helpful. The information he provides describes the multitude of ways people bring upon themselves financial stress and the role a financial advisor AND counselor such as myself can play in addressing these complex issues. Rick is a long-time advocate of blending financial planning with counseling, He has years of seeing the benefit for clients. Like Rick, I see financial counseling as an investment: one that can pay greater dividends than investments in a home, retirement …