by Concentrum Wealth | Feb 9, 2023 | Uncategorized
Throughout the SECURE 2.0 bill, there are many hidden gems that, if fully understood, can be used to help optimize your financial future. Here are the top takeaways. Required Minimum Distributions (RMDs) Beginning in 2023, the RMD age is raised to 73. Note that if you...
by Concentrum Wealth | Dec 12, 2022 | Uncategorized
The window of opportunity for many tax-saving & financial planning moves closes on December 31, so it’s important to evaluate your situation now, while there’s still time to affect your bottom line for the 2022 tax year. Roth conversions Done right,...
by Concentrum Wealth | Nov 14, 2022 | Uncategorized
While inflation hurts our pocketbooks day in and day out, there is one silver lining if you know where to look. The IRS recently published cost-of-living adjustments for retirement plan contribution limits for 2023, and the overall IRS 415 limits increased by $6000....
by Concentrum Wealth | Sep 6, 2022 | Uncategorized
There are five estate planning documents you may need, regardless of your age, health, or wealth: Durable power of attorney Advance medical directives Will Letter of instruction Living trust The last document, a living trust, isn’t always necessary, but...
by Concentrum Wealth | Jul 18, 2022 | Uncategorized
Deciding between renting or buying a home can be a tough decision. Here are some pros and cons to help you decide. Pros As a homeowner, you build up equity in the house with every monthly mortgage payment. As the owner, you get to recognize any gain on the entire...
by Concentrum Wealth | Jun 2, 2022 | Uncategorized
Whenever you change jobs, you have several options to consider with your 401(k). You can leave it where it is, transfer it into your new employer’s 401(k) plan (if one exists), or roll it over into an individual retirement account (IRA). For most people, rolling...
