by Bryan Wisda, CFP® | Dec 6, 2024 | Advanced Planning, Retirement Planning, Tax Planning, Wealth Transfer
One of the most common questions I receive, as a CERTIFIED FINANCIAL PLANNER™️, from clients is about Roth conversions. With proper planning, converting traditional retirement accounts to Roth accounts can be a powerful tax planning strategy. Let me break down...
by Bryan Wisda, CFP® | Dec 2, 2024 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
As the retirement planning landscape continues to evolve, 2025 will introduce a groundbreaking opportunity for individuals aged 60, 61, 62, and 63: the new $11,250 super catch-up contribution for your 401(k). This provision, a game-changer for retirement savers,...
by Bryan Wisda, CFP® | Aug 1, 2024 | Advanced Planning, Retirement Planning, Tax Planning
Are you approaching retirement or already enjoying your golden years? If so, you’ve likely heard of Medicare, but you might not be familiar with IRMAA. This lesser-known aspect of Medicare can have a significant impact on your retirement finances and tax...
by Bryan Wisda, CFP® | Sep 26, 2023 | Advanced Planning, Financial Planning, Retirement Planning, Wealth Management, Wealth Transfer
Oh, the joys of federal ERISA law! Let’s dive deep, shall we? First and foremost, for those caught up in the world of ERISA-covered plans (pension plans and 401(k) type plans, including 403(B), 457, 412(i), and other employer-sponsored retirement plans),...
by Bryan Wisda, CFP® | Sep 13, 2023 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
The intricacies of retirement planning and wealth management often introduce several provisions and rules that many may find complex. One such provision is the ‘Rule of 55,’ a rule that pertains to early withdrawals from one’s 401(k) account. This...
by Bryan Wisda, CFP® | Apr 26, 2023 | Retirement Planning, Tax Planning
Required Minimum Distribution rules for 401k accounts must be paid attention to if you’re nearing retirement. If you’re nearing retirement age, you’re probably familiar with the concept of Required Minimum Distributions (RMDs). RMDs are the minimum...
