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SECURE Act

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In late December, the SECURE Act was signed into law. These are the top three changes you need to know. Top Three Things to Know for Individuals: 1. Required minimum distributions from your qualified retirement accounts now start at age 72, previously 70 ½ 2. Wavies penalty for pre-59 ½ plan distributions for an adoption or childbirth expenses 3. There is no longer an age cap for contributing to an IRA Top Three Things to Know for Businesses: 1. Tax credits are available for start-up retirement plans  2. Part-time employees can now be eligible for employer-based retirement plans 3. Deadline to adopt an employer-based plan now moves to the due date of tax return, including extensions, previously calendar year-end For more information and additional changes click here . Colloquium Asset Management, Inc. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where...
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Important Retirement Dates

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Important Retirement Dates Here are some important dates to remember for retirement: Age 50: Ability to make catch-up contributions to your retirement accounts Age 55: Ability to make catch-up contributions to your HSA Age 59 1/2: Penalty-free IRA withdrawals become available Age 62: Earliest date to receive Social Security benefits Age 66: Full Retirement age for Social Security (born 1943-1954) Age 67: Full Retirement age for Social Security (born 1960) Age 70: Latest Social Security benefits election Age 70 1/2: Required Minimum Distribution commence Colloquium Asset Management, Inc. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Colloquium Asset Management, Inc. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of princip...
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A non-probate asset is an asset a decease has designated a beneficiary too. Some examples of a non-probate asset include IRAs, 401(k), life insurance policies and annuities. These may not require estate administration or court filings as they would pass directly to the beneficiary so named. An important and crucial piece of updating a financial plan is also reviewing beneficiary designations to all your accounts and assets. A good time to check your beneficiaries is when you have updated your estate documents, the birth of a child, divorce, death or retirement. Colloquium Asset Management, Inc. is a Registered Investment Adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Colloquium Asset Management, Inc. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice...
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