The Seaside Blog

Inflation can have a detrimental effect on retirement savings. However, there are several approaches you can take to protect your retirement from inflation. Here's how.

he Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. Nearly three years to the day after the passage of the Secure Act, Congress has passed the Secure Act 2.0.

On December 23, 2022, the Secure Act 2.0 was passed by Congress and signed into law on December 29. This legislation provides a slate of changes that could help strengthen the retirement system and builds on earlier legislation passed in 2019 called the Secure Act.

With 2022 rapidly coming to a close, there are things you can be doing right now to make smart moves with your money. Here are some strategies and tips to help you make great year end money moves.

Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers can happen and the pros and cons of making them.

With inflation taking a toll on everyone, it’s hard to find anything good about it. We finally have a silver lining! The 2023 retirement plan contribution limits have been announced and they have all gone up dramatically, in large part because of the inflationary effect. For those of you who are still working, this is a good opportunity to take advantage of your opportunity to save more money towards retirement as well as your health savings accounts.