Secure Act 2.0: What does this mean for retirement savings?
On December 23rd of 2022 Congress, with bi-partisan support, passed the Secure Act 2.0. and President Biden signed it into law on December 29, 2022. This act builds onto the …
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Category: Retirement
Achieving Your Life Goals
Visualize the attainment of your retirement security and comfort. See your children and grandchildren educated. Visualize your pursuit of lifelong dreams with the time and finances that allow for it. …
Have You Set Your Financial Goals for the New Year?
A New Year’s resolution is a commitment that an individual makes to a project or the reforming of a habit, often a lifestyle change that is generally interpreted as advantageous. (Wikipedia) …
Insurance as a Multigenerational Legacy Planning Tool
There are a multitude of estate planning strategies when using permanent life insurance. In this article, I will examine just one technique that can be effective in building, maintaining, and …
Mapping Out Your Best Tax Strategy: Avoid Potential Tax Road Blocks With The Help Of Your Personal Board Of Directors
We here at Fragasso Financial Advisors firmly believe in the concept of each client creating their own financial Board of Directors. In most cases this includes a trusted accountant, lawyer, …
The Impact of the Coronavirus on Your Retirement Plan
The coronavirus pandemic has had significant and ongoing impacts on the economy. Many businesses are feeling the effects and are looking for ways to continue to operate effectively in a …
2020: The Year of the ‘SECURE Act’
After being passed by the House last summer and some hesitation by the Senate, the “SECURE Act” was signed into law at the end of 2019. SECURE stands for Setting …
Required Minimum Distributions
As 2019 is winding down, it is time again to remind our eligible clients to take their Required Minimum Distributions (RMD) by December 31, 2019. An RMD is a specific …
Re • tire • ment
Retirement. We all read that word and have unique imagery of what that means. In trying to benchmark it with a definition from an authoritative source, we consulted Webster’s International, …
Job Change Financial Playbook
Almost everyone has, or will at some point, experience a change in jobs (or possibly even a change in career). Sometimes this type of change is completely unplanned and …