Let’s be honest, no one gets excited about filling out forms. But when it comes to IRAs, the documents matter so much more than people realize.
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SECURE 2.0 included a provision that requires most employees with annual income of $145,000 or more—indexed—to make their catch-up salary deferral contributions as Roth contributions. This was initially intended to take effect in 2024, but was temporarily delayed to 2026.
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Let’s break down some of the most common—and confusing—HSA questions that financial organizations and their clients may encounter.
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July 4, 2026, is the first day on which one can contribute to Trump Accounts. Created by the One Big Beautiful Bill Act (OBBBA) legislation in 2025, Trump Accounts are intended to jump-start savings for young people under age 18.
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If you’ve been thinking about the impending IRA amendment deadline, we have some news.
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While most financial organizations are familiar with Roth IRA conversions, the mega backdoor Roth strategy in certain employer plans has emerged as a technique for supercharging tax-free retirement savings when plan design and nondiscrimination testing allows.
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For those whose careers began during the current heyday of 401(k) plans, the option to save a significant portion of income on a tax-advantaged basis in an employer-sponsored retirement plan is more or less taken for granted. In fact, employee “salary deferrals”—contributions of salary or wages to a plan, versus receiving in cash—now make up the majority of annual contributions to defined contribution plans.
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Individuals may only use compensation earned from services rendered (earned income) to support the funding of a Roth or Traditional IRA.
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An employer-sponsored retirement plan, such as a 401(k) plan, 403(b) plan, or governmental 457(b) plan, may include employer contributions and employee salary deferral contributions. Let’s break down the 2026 contribution limits for these retirement plans.
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The chances that your envelope is going to receive a postmark the same day you drop it off is unlikely, so plan accordingly, according to the USPS.
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In July 2025, the Internal Revenue Service (IRS) announced that it plans to retire its FIRE system in tax year 2026 (i.e., the 2027 tax filing season). The FIRE system will be replaced by IRIS, which will be the only intake system allowed for information returns for the 2027 filing season.
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As we roll into 2026, it’s a good time to revisit what really matters when contributing to a Traditional IRA and what has changed. Whether you’re helping clients plan or just thinking about your own retirement roadmap, these are the key rules to keep in mind.
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A distribution made by an IRA owner who is totally and permanently disabled is not subject to the 10 percent early distribution penalty tax.
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Long-term care insurance is purchased by individuals who anticipate future expenses for long-term care, either home-based, or provided in a licensed nursing facility. As the U.S. population ages, the probability that such care may be needed is increasing, as is its cost.
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One of the most misunderstood parts of beneficiary designations is the difference between primary and contingent beneficiaries.
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The simplified employee pension, or SEP, is a retirement plan that—like the Energizer bunny of TV commercial fame—just “keeps going and going and going.” That’s because the retirement saving niche SEPs have occupied since their creation by the Revenue Act of 1978 remains a substantial one.
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January is a hectic tax reporting month for many financial organizations. In addition to providing quarterly or year-end statements, financial organizations must provide required minimum distribution (RMD) statements to certain Traditional and SIMPLE IRA owners by January 31. If you haven’t already, now is the perfect time for you and your team to start preparing for the busy month ahead.
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Financial organizations field a lot of IRA questions from clients, and many of the same ones seem to come up repeatedly. Here are some common IRA contribution questions you’re likely hearing at your branch office, over the phone, or in your inbox.
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