Mega Backdoor Roth

Roth assets are becoming more and more essential to a successful retirement savings strategy. Concerns about rising tax rates and legislative changes (ex. SECURE Act eliminating the stretch IRA) are two important drivers. Let’s start with the basics of “Why Roth?”  Contributions are after-tax Tax free growth of principal and earnings Tax free withdrawals*  *after satisfying … Read more

DB/CB Provisions of ARPA

The American Rescue Plan Act of 2021 (‘ARPA’) contains a couple of provisions to help cash-strapped sponsors of defined benefit/cash balance (‘DB/CB’) plans. This relief probably won’t help a large number of your clients. However, if you have a client who is having difficulty making their required 2020 DB/CB contribution or missed a required contribution … Read more