What You Should Know About the DOL’s Plan Asset Rules
Investment issuers need to be aware of rules from the Department of Labor that could result in a violation of prohibited transaction rules if they aren’t followed. This, in turn, can lead to costly tax...
View ArticleInherited IRAS Won’t Stretch As Far As They Used To
Up until 2020, the “stretch IRA” concept was commonly used as an estate or legacy planning tool for IRA owners who wanted to leave a significant amount of tax-sheltered assets to their heirs. With the...
View ArticleHow the QCD Anti-Abuse Rule Could Affect Retirement and Charitable Giving...
The SECURE Act that became law on January 1 of this year made a number of changes to retirement plans that are beneficial to retirement savers and investors. One of these is the repeal of the age limit...
View ArticleShould You Invest Self-Directed IRA Assets in a Crowdfunding Platform?
Diversification is one of the biggest keys to investing success for self-directed IRA owners. By spreading your IRA assets out among a wide range of different asset types, you can possibly reduce risk...
View ArticleSTRATA’s Kelli Click Featured in U.S. News & World Report’s “5 RMD Rules That...
Article originally published in U.S. News & World Report by Rebecca Lake, Contributor – Understanding the rules for what’s required minimum distributions, known as RMDs, can be difficult, but...
View ArticleSTRATA’s Kelli Click Featured in MarketWatch’s “How To Decide If You Should...
Article originally published on MarketWatch by Ellie Ismailidou – Too much choice can sometimes be a bad thing in life and it’s no different in saving for retirement. 401(k), Roth 401(k), IRA, Roth...
View ArticleHave Business Income? Start a SEP Plan for Tax and Retirement Savings Benefits
If you earn income from being self-employed, you are eligible to start a Simplified Employee Pension (SEP) plan. A SEP plan is a business-sponsored retirement plan that allows you to deduct your plan...
View Article2019 Tax Filing and IRA Contribution Deadline Extended Until July 15, 2020:...
As the U.S. government moves quickly to respond to the ongoing Coronavirus pandemic, there is some relief for taxpayers. On Friday, March 20, 2020, Treasury Secretary Steven Mnuchin announced an...
View ArticleSTRATA’s Patrick Hagen Featured in U.S. News & World Report’s “How to...
Article originally published in U.S. News & World Report by Rebecca Lake, Contributor – A changing economic environment that brings 0% interest rates can open up new possibilities for investors....
View ArticleCARES Act Waives RMDs in 2020
Just as we were all getting used to the SECURE Act rule changes, the rules changed again. After a few quiet years on the legislative front, two major bills affecting retirement savings have been passed...
View Article