Navigating the IRS’s Finalized Regulations for Inherited IRAs
On July 18, 2024, the IRS released its long-anticipated finalized regulations concerning inherited IRAs Federal Register: Required Minimum Distributions. These regulations provide much needed clarity following the extensive changes introduced by the SECURE Act of 2019, which altered the landscape for individuals inheriting IRAs. While the final regulations largely align with the proposed rules issued… Read more Navigating the IRS’s Finalized Regulations for Inherited IRAs
SECURE Act 2.0: 2025 Changes to 401(k) Catch-Up Contributions
SECURE Act 2.0: 2025 Changes to 401(k) Catch-Up Contributions The landscape of 401(k) plans is set to undergo significant changes in 2025, due to provisions of the SECURE Act 2.0. To ensure smooth transitions and continued compliance it is important to stay ahead of these changes. One of the most notable shifts pertains to catch-up… Read more SECURE Act 2.0: 2025 Changes to 401(k) Catch-Up Contributions
The Fed’s September Rate Cut Sparks a Shift in the Market
The Federal Reserve Bank (Fed) cut the overnight rate by 0.50% (50 basis points) on September 18, 2024. The cut was much anticipated after Fed officials indicated a cut was likely, given inflation declined and was approaching their target of 2.0%. The Fed held rates steady at the prior nine meetings after hiking aggressively from… Read more The Fed’s September Rate Cut Sparks a Shift in the Market
Understanding Roth Conversions: A Comprehensive Guide
Understanding Roth Conversions: A Comprehensive Guide Emma and Sean had diligently saved for their retirement throughout their careers, consistently deferring the maximum amount to their employer 401(k) plans. As such, they finally felt comfortable in retiring. Right after retirement, Emma’s mother passed away. Unbeknownst to Emma, her mom left her a sizeable inheritance. In talking… Read more Understanding Roth Conversions: A Comprehensive Guide
SECURE 2.0’s Section 110: Unpacking the New IRS Guidance on 401(k) Matching Contributions for Student Loan Payments
SECURE 2.0’s Section 110: Unpacking the New IRS Guidance on 401(k) Matching Contributions for Student Loan Payments SECURE 2.0 has been a significant area of focus for many Plan Sponsors. One provision that has received a significant amount of attention is provision 110, which allows for 401(k) matching contributions to be made based on student… Read more SECURE 2.0’s Section 110: Unpacking the New IRS Guidance on 401(k) Matching Contributions for Student Loan Payments
The Strategic Edge of Portfolio Diversification for Real Estate Investors
The Strategic Edge of Portfolio Diversification for Real Estate Investors Real estate investments are enticing due to their tangible nature and diverse opportunities. Investments can range from multi-family and commercial spaces to industrial properties and special-purpose buildings. A steady asset that offers asset leverage and forced appreciation, which can provide both capital appreciation and income,… Read more The Strategic Edge of Portfolio Diversification for Real Estate Investors
Aldrich Wealth Recognized as 9th Largest Money Management Firm in Oregon + S.W. Washington by the Portland Business Journal
Lake Oswego, OR, August 19, 2024 — Aldrich Wealth, a registered investment advisor (RIA) with over $6 billion in assets under management (AUM), is pleased to announce that the firm has been recognized by the Portland Business Journal as one of the Largest Money Management Firms in Oregon & Southwest Washington, ranking 9th amongst 46… Read more Aldrich Wealth Recognized as 9th Largest Money Management Firm in Oregon + S.W. Washington by the Portland Business Journal
SECURE Act 2.0: Enhancing Retirement Plans with Vital Domestic Violence Relief Provisions
Q+A with Mark Parsons
Get to know Mark Parsons, the new Director of Operations, as he shares what brought him to Aldrich Wealth, the career accomplishments he is most proud of, and how he aims to enhance Aldrich Wealth’s client experience. What attracted you to the role of Director of Operations at Aldrich Wealth? I’ve always been passionate about creating… Read more Q+A with Mark Parsons
Ballots + Bull Markets: The Effects of Elections
Ballots & Bull Markets: The Effects of Elections Every four years, campaigns for the Oval Office stir up strong sentiments, not only about politics but also about the investment markets. During the last election cycle, one of our clients found himself grappling with his options at the polls as well as the market’s increased volatility…. Read more Ballots + Bull Markets: The Effects of Elections
Maximizing Estate Planning: The Benefits and Considerations of Irrevocable Trusts
Maximizing Estate Planning: The Benefits and Considerations of Irrevocable Trusts Trusts are a great tool to harness the benefits of estate planning and can provide you with the ability to protect assets, reduce estate taxes, and ensure that your wealth is managed in a way that you desire. An irrevocable trust is a legal arrangement… Read more Maximizing Estate Planning: The Benefits and Considerations of Irrevocable Trusts
401(k) Plan Forfeitures: A Developing Area of Litigation
New developments have been unfolding regarding the use of forfeitures in retirement plans. Over the past several months, a handful of pending proposed class action lawsuits have been filed challenging how companies use 401(k) forfeitures. The participant plaintiffs in these suits claim their employers breached their fiduciary duties under the Employee Retirement Income Security Act… Read more 401(k) Plan Forfeitures: A Developing Area of Litigation
