Tax
Roth Conversion Strategy in 2026: A Guide for Pre-Retirees in NJ and PA
How to Use the Tax Window Before It Closes If you're within 10 years of retirement, you have a powerful but time-sensitive opportunity sitting in your traditional IRA or 401(k): the ability to convert some of those pre-tax dollars to a Roth IRA and never pay taxes on them again. A Roth conversion means paying...
New Retirement Contribution Limits For 2026
This month's must-read, New Retirement Contribution Limits for 2026: The Internal Revenue Service has announced the adjusted contribution limits and related thresholds for 2026. These changes primarily reflect standard inflation adjustments and introduce only modest increases rather than significant overhauls. For Individual Retirement Accounts (IRAs), the annual contribution limit rises by $500 to $7,500, with the...
Setting Financial Goals for 2026: A Guide for Pre-Retirees and New Retirees
This month's must-read, Setting Financial Goals for 2026: A Guide for Pre-Retirees and New Retirees, makes it the perfect time for pre-retirees and new retirees to get excited about setting some smart financial goals. Life might feel a bit uncertain with changing taxes, rising healthcare costs, and market ups and downs, but with a clear plan, you...
Aspects of your financial life to review as the year closes.
This month's must-read, Aspects of Your Financial Life to Review as the Year Closes, explains how to take stock of your financial life with quick, purposeful reviews. Meet your advisor to check portfolio positions, rebalance asset allocation, and max out retirement contributions—don’t forget catch-up options if you’re 50+. Pull cost-basis records, harvest tax losses, and...
Reference guide on the One Big Beautiful Bill Act
Our featured article of the month, Reference Guide on the OBBBA, summarizes the benefits of the act to individuals and businesses. The focus of the summary surrounds personal taxation and benefits for seniors while also providing details on benefits for business owners and college savings accounts. The reference guide is not an exhaustive list of...
Consider Keeping Your Life Insurance When You Retire
Our featured article of the month, Consider Keeping Your Life Insurance When You Retire, starts the conversation on this topic and expands on it slightly in regards to insurance planning strategies. Traditionally, life insurance was considered unnecessary once you hit retirement, the nest was empty and a liability such as a mortgage was satisfied. However,...
IRA Deadlines Are Approaching
Our featured article of the month, IRA Deadlines are Approaching, provides the necessary deadlines for meeting such items as current and prior year IRA contributions, Required Minimum Distributions (RMD)s and some tips on not getting your contributions confused for either past or current year. RMDS must be taken by the last day of the calendar...
SECURE ACT 2.0
Our featured article of the month, Secure Act 2.0, describes how in the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it's a follow-up to the Setting Every Community...
New Retirement Contribution Limits for 2023
Our featured article of the month, New Retirement Contribution Limits for 2023, is a simple listing of some of the adjustments the IRS has made to contribution limits for various retirement vehicles. Note that gifting limits have been raised as well. Contact your HR department to make adjustments to your work sponsored retirement plans. For IRA...
End-of-the-Year Money Moves
Our featured article of the month, End of the Year Money Moves, provides a few smart ideas on preparing your financial situation for year end. Considering how difficult the investment markets have been this year, why not take advantage of tax-loss selling to offset current or future capital gains? And see below a link to...