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...
by Bryan Wisda, CFP® | Sep 20, 2022 | Advanced Planning, Retirement Planning, Tax Planning
When it comes to IRA RMD Charitable Contributions there are a few rules that you must follow. If you fail to follow these rules you could potentially run into problems with the IRS. Officially this strategy is known as a Qualified Charitable Distribution or QCD. For...
by Bryan Wisda, CFP® | Sep 5, 2022 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
Did you take money out of an IRA or 401k in 2020? If you did you may be eligible to get a tax refund by repaying those monies to your IRA, 401k, or other employer sponsored retirement plan. The CARES Act created an exemption to the tax due on withdraws up to $100,00...
