Client Relationship Manager Matthew Sheets, CFP®, shares aspects of the One Big Beautiful Bill Act passed in July 2025.
Transitioning to Retirement
Matthew Sheets, CFP®, details ways retirees can manage the shift into their new lifestyle.
Workplace 401(k) Plan Withdrawals: What You Need to Know
In times of financial hardship and limited options, it can be challenging to turn a blind eye to a supply of money reserved for something as abstract as the future. A withdrawal from a workplace 401(k) plan, whether it be a permanent distribution or temporary loan, is allowable in certain circumstances and recent data from Bank of America shows that more participants are taking advantage: hardship withdrawals are up 36% from the second quarter of 2022, and plan loans have increased as well.
Understanding the Secure Act 2.0
In 2023, the SECURE Act 2.0 for retirement savings becomes federal law, reshaping tax incentives for years to come by making numerous changes to existing retirement account rules and related tax breaks. Though there are many changes, below are some of the ones that will impact high wage earners, those still working, and those who have or are about to retire.
How to Approach Retirement Savings at Different Ages
It’s no secret that the earlier you’re able to start saving for retirement, the better. Since private company pensions have virtually gone extinct and Social Security benefits are intended to only cover a portion of your working wages, the brunt of saving for retirement falls on your shoulders. With this in mind, you may wonder how much you should be saving as you progress through your career and how your current savings compare to others in your age range. Fortunately plenty of research has been conducted on these topics to help us all find clarity in the great feat that is saving for our later years! 
We focus the discussion below on median retirement savings because it gives a more accurate representation as averages can be skewed by outliers: those with very low retirement savings or those with extremely high savings. [Read more…]
We focus the discussion below on median retirement savings because it gives a more accurate representation as averages can be skewed by outliers: those with very low retirement savings or those with extremely high savings. [Read more…]