Brian’s role involves working with clients to formulate planning goals, developing and implementing wealth management strategies and monitoring clients’ progress in working towards their financial and investment goals.
CERTIFIED FINANCIAL PLANNER™
William Paterson University, B.S., in Finance and Financial Planning
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As many of our clients grow their businesses, we have helped them replace their existing company retirement plans with 401(k) plans. In general, 401(k) plans can provide more options and flexibility than other types of retirement plans. Here, we will explore some of the key attributes of 401(k) plans and the potential benefits they can provide on both a personal level and in various aspects of managing your business.
What are Qualified Charitable Distributions? Distributions from IRAs are generally taxable at ordinary income rates. As a result, certain taxpayers are often faced with larger-than-expected tax bills once their Required Minimum Distributions (RMDs) kick in, leaving them with little control over their taxable income and marginal tax brackets
Good news. Once again the IRS has increased the employee contribution limit for 401(k) and other retirement plans in 2020. The contribution limit has been increased from $19,000 in 2019 to $19,500 in 2020 for employees participating in the following types of employer-sponsored retirement plans:
The new Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed by Congress and signed into law by President Trump in December 2019. The law will take effect on January 1, 2020.