SECURE Act 2.0 and Updated DOL Audit Guidance
SECURE Act 2.0 and Updated DOL Audit Guidance While additional guidance is still needed on much of SECURE Act 2.0 (and 1.0), there are several provisions that are either in effect now- or going into effect over the next several years, which plan sponsors should be mindful of. Below is the latest in terms of… Read more SECURE Act 2.0 and Updated DOL Audit Guidance
529 Plan to Roth IRA Rollovers: Understanding New Rules Under the SECURE Act 2.0
529 Plan to Roth IRA Rollovers: Understanding New Rules Under the SECURE Act 2.0 Tom Gilbers, CFP® For more than 20 years, parents have used 529 plans as a way to save for their children’s college expenses. These accounts offer the benefit of tax-deferred growth and allow investment earnings to be withdrawn tax-free for qualified… Read more 529 Plan to Roth IRA Rollovers: Understanding New Rules Under the SECURE Act 2.0
Q4 2023 Market Commentary + Outlook
Executive Summary The S&P 500 rose 11.7% during the fourth quarter of 2023, finishing the year up 26.3%. Nearly all the underlying sectors of the index gained as markets were reenergized by falling interest rates and a strong economy. The Fed held rates steady during the quarter and signaled the potential for cuts in 2024…. Read more Q4 2023 Market Commentary + Outlook
How to Succeed as a Fiduciary in 2024: A Q&A with Casey McKillip, Aldrich Wealth
How to Succeed as a Fiduciary in 2024: A Q&A with Casey McKillip, Aldrich Wealth 2023 was a volatile year for the financial markets. As we start the new year, retirement plan sponsors and fiduciaries are looking for confidence in the management of their plans from experienced professionals. In a recent interview, Casey McKillip, MBA,… Read more How to Succeed as a Fiduciary in 2024: A Q&A with Casey McKillip, Aldrich Wealth
Investment Considerations for Upcoming Rate Reductions in 2024
Investment considerations for upcoming rate reductions in 2024 After holding rates steady since July 2023, the Federal Reserve maintained the overnight rate level at the December 2023 meeting and indicated that three rate cuts, each of 0.25%, are likely in 2024. This was in stark contrast to earlier statements that indicated the Fed intended to… Read more Investment Considerations for Upcoming Rate Reductions in 2024
Fiduciary Challenges + Opportunities for 2024: A Q&A with Kathy Peterson, Aldrich Wealth
Fiduciary Challenges + Opportunities for 2024: A Q&A with Kathy Peterson, Aldrich Wealth With only weeks until the end of the calendar year, retirement plan fiduciaries are busy preparing for 2024. Now is an ideal time to reflect on past performance and determine how to improve in the year ahead. In this Q+A, Kathy… Read more Fiduciary Challenges + Opportunities for 2024: A Q&A with Kathy Peterson, Aldrich Wealth
Are you making tax planning decisions based on myths?
Are you making tax planning decisions based on myths? As the clocks fall back, we spring into the holiday season. The holidays are known for their cheer, but they can also be hectic as we plan and prepare for celebrations, all the while trying not to drop the ball on year-end deadlines before the ball… Read more Are you making tax planning decisions based on myths?
NAPA Names Kathy Peterson one of the 2023 Top Women Advisors
NAPA Names Kathy Peterson one of the 2023 Top Women Advisors LAKE OSWEGO, OR, OCT 30, 2023— Aldrich Wealth is honored to announce that Kathy Peterson, Senior Retirement Plan Consultant, was recognized by the National Association of Plan Advisors as one of the 2023 Top Women Advisors. This is the first year Peterson has been named… Read more NAPA Names Kathy Peterson one of the 2023 Top Women Advisors
Protecting Your Health Plan against Excessive Fee Litigation
Protecting Your Health Plan against Excessive Fee Litigation Since the early 2000s, retirement plans have battled lawsuits claiming plans pay excessive fees to covered service providerssuch as plan administration and investment fees. These fees can significantly drain the value of participants’ accounts—a 1% increase in fees can reduce an account balance at retirement by 28%,… Read more Protecting Your Health Plan against Excessive Fee Litigation
Leveraging Health Savings Accounts in Your Financial Plan
Leveraging Health Savings Accounts in Your Financial Plan Travis Schiele When planning for retirement, many individuals tend to focus on traditional retirement accounts such as 401(k)s and IRAs. While these accounts can play a pivotal role in building a secure retirement nest egg, another retirement savings vehicle often goes overlooked: the Health Savings Account (HSA)…. Read more Leveraging Health Savings Accounts in Your Financial Plan
Q3 2023 Market Commentary + Outlook
Aldrich Wealth Partner Nicole Rice and Chief Investment Officer Darin Richards offer market commentary and projections every quarter, including a discussion on market performance in the second quarter of 2023 and what to anticipate throughout the rest of the year. Executive Summary The S&P slipped -3.3% over the third quarter of 2023, giving back some of the… Read more Q3 2023 Market Commentary + Outlook
Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings
Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings The extended Form 5500 filing deadline is approaching, and 401(k) plan sponsors will recall the time-consuming and labor-intensive work required for completing an annual plan audit. Starting on January 1, 2024, the Department of Labor (DOL) and the SECURE Act 2.0 introduced a… Read more Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings
