2021 Retirement Plan Contribution Limits
The IRS has left employee contribution limits unchanged from 2020 for 401(k) and other retirement plans. Why revisit if the limits haven’t changed?
Planning for Retirement
As financial planners we are often asked, “Will I be OK in retirement?” The checklist below illustrates different items to think about as retirement approaches, from ten years before to right after retirement begins. The earlier one starts planning for retirement, the more prepared one should be not only financially, but also emotionally.
The Wall Street Journal: Roth IRA Conversions: What You Need to Know
Modera’s Michael Gibney shares perspectives in this article about Roth IRA conversions. Many investors took advantage of the pandemic-induced market decline early this year to do big Roth IRA conversions. Learn how Roth IRA conversions work and who can benefit from them.
Check your 401(k) Contributions: Are you Maxing Out?
As the last quarter of the year is approaching, now is a great time to check in with your finances and make sure you are on track with your savings goals. With each calendar year, many of us have the opportunity to contribute to retirement plans through our employers.
Spousal IRAs: A Quick Guide
A “spousal” Individual Retirement Account (IRA) allows a spouse with little or no compensation from employment to open a separate IRA and complete contributions based on the other spouse’s income. I’ve put together this quick guide to help you evaluate whether a spousal IRA might be beneficial for you.
The Street: How to Build a Sleep-at-Night Retirement Portfolio
Modera’s own Chief Investment Officer, George Padula writes about constructing a retirement portfolio to help you sleep better at night, in this article published on TheStreet.com
New Year, New Retirement Plan Contribution Limits
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:
YahooNews: The Downsides of Retirement That Nobody Talks About
Modera’s Laurie Burkhardt shares her thoughts on health insurance post retirement
Wall Street Journal: How Much Cash Should You Hold in Retirement?
Modera's Laurie Burkhardt provides perspectives on cash reserves considerations.
Wall Street Journal: The Problem of Being Overcommitted in Retirement
Modera's Robert Sinsheimer discusses the potential tax considerations when selling your home.