The newly-enacted SECURE 2.0 Act contains significant changes that may affect how you plan for retirement. The bill, passed by Congress and signed into law by President Biden in late 2022, could help you bolster your retirement savings and income strategy. Here are some of the key provisions included in the new law, which are being phased in over the next several years: New rules now in effect Required minimum distributions (RMDs) start after age 73 Until recently, RMDs from traditional IRAs and workplace retirement savings plans, such as 401(k) or 403(b) accounts, had to begin after reaching...

Have you ever held off from making an investment because you’re concerned that the timing may not be right? If this fear is preventing you from investing, dollar-cost averaging is an approach that you may want to consider. It has the potential to help you accumulate wealth over time and throughout the market’s highs and lows. Here is an overview of the strategy. How it works The concept is simple – you invest a consistent amount of money at regular intervals. You put the money to work in the same investment – a stock, a mutual fund or other type of asset – regardless of the price of the asset....