SECURE Act
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. 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 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 may be rendered by Colloquium Asset Management, Inc. unless a client service agreement is in place.
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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 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 may be rendered by Colloquium Asset Management, Inc. unless a client service agreement is in place.
“Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information and comments. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.
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