Tax issues on the horizon for IRAs and 401Ks exceeding $200,000
Retirement Tax Risks with IRA and 401K Accounts Holding more than $200,000 in a traditional IRA or 401K could lead to significant tax challenges in retirement, warns financial advisor Ryan Tucker. “The issue revolves around taxes, which could become increasingly problematic if no action is taken,” adds Tyson Tucker. For most traditional IRAs and 401Ks, […]
New retirement law allows employers to combine emergency savings with 401(k)s, but few are taking advantage of it.
Survey Reveals Employers Hesitant to Merge 401(k) Plans with Emergency Savings A recent survey indicates that employers are showing limited interest in integrating emergency savings options with 401(k) plans for their employees. Starting in 2024, companies can permit emergency withdrawals of up to $1,000 from retirement savings and offer linked emergency savings accounts, but these […]
Wall Street seeks to catch up on solo 401(k)s amid rising self-employment.
Wall Street Shifts Focus to Solo 401(k)s Amid Rising Self-Employment Wall Street is adapting to a surge in self-employment as institutional investors aim to offer solo 401(k) plans to a growing demographic of high-earning independent workers. Major financial institutions like JPMorgan Chase, Fidelity, Schwab, and Vanguard are at the forefront of this initiative, looking to […]
Hassett shares Trump’s housing strategy allowing Americans to use 401(k)s for down payments
Trump Administration’s New Housing Affordability Initiative Kevin Hassett, the Director of the National Economic Council, is set to appear on “Morning with Maria” to discuss President Donald Trump’s comprehensive affordability strategies. These strategies aim to lower mortgage and credit card rates, ultimately fostering economic growth. Recently, the administration has been emphasizing housing affordability, with Hassett […]
An advisor for affluent early retirees shares his views on why he believes 401ks are like a ‘money prison.’
Rethinking Retirement: A New Approach to Financial Independence Austin Dean, despite his numerous certifications as a financial advisor, found himself dissatisfied with conventional teachings, particularly regarding retirement savings. In his early 20s, he had a keen interest in achieving financial independence, and the notion of “locking away” savings until age 59 and a half struck […]
Private investments in 401(k)s may enhance long-term results. Here’s how some are succeeding with it.
Exploring the Impact of Private Assets on 401(k) Returns Recent studies indicate that, when managed correctly, private equity and private credit can enhance 401(k) plan returns over the long run. However, these possible improvements may not meet the high expectations of participants. Historically, retail investors have found it difficult to access these assets, but with […]
When 401(k)s Don’t Work, Turn to Luxury Handbags? 1 in 10 Americans Believe High-End Bags Can Be a Retirement Strategy
Are Birkin Bags the New 401(k)? A recent survey from the American Teachers Insurance and Retirement Association reveals that one in ten Americans thinks investing in luxury handbags or winning the lottery might be viable retirement strategies. While this might sound a bit far-fetched, it highlights the anxiety many feel about their financial futures. Interestingly, […]
The missed tax benefit for IRAs and 401Ks exceeding $300,000
Retirement Tax Planning Insights “If you’ve managed to save over $300,000 in a traditional IRA or 401(k), that’s a great first step towards a secure retirement,” notes financial advisor Ryan Thacker. Tyson Soccer adds, “What many families overlook is the chance to use these tax-deferred accounts to really minimize your taxes when you retire.” Together, […]
401(k)s performed well in the first half of the year despite tariff challenges
401(k) Performance in 2025: Turbulent Times and Record Highs The first and second quarters of 2025 proved to be rocky for investors, particularly those relying on 401(k) plans or other workplace retirement options. After a significant drop in April—triggered by the Trump administration’s unclear tariff announcements—the stock market managed a rebound, ultimately closing the second […]
Tax issues ahead for IRAs and 401Ks exceeding $200,000
Retirement Tax Concerns for Large Retirement Accounts Financial advisor Ryan Thacker cautions that if your traditional IRA or 401(k) exceeds $200,000, it could lead to significant retirement issues for your family. Taxes are the main concern, and unless proactive measures are taken, this problem is likely to grow. Thacker, along with Tyson Soccer, who both […]