By now, you have likely heard of the new law called SECURE 2.0. It was passed at the end of 2022 as part of the big omnibus spending bill and contains numerous provisions relating to qualified retirement plans and IRAs. It is a follow-up of sorts to the original SECURE Act of 2019. Soon after the original SECURE Act was enacted, talk began of a potential new package of retirement plan reforms dubbed informally as SECURE 2.0. Bills containing some of these reforms were passed in the House or Senate with cool names like RISE & SHINE Act and EARN Act. When all was said and done, the law was ..read more

If you’re older than a certain age, you’re familiar with the tagline, “Roaches check in, but they don’t check out.” It’s kind of like that in a 401(k) plan. You can easily check your money in (contribute to the plan), but it can be hard to check it out (withdraw it ..read more

Note:  The SECURE 2.0 Act of 2022 made several changes to the rules related to SIMPLEs.  Accordingly, some of the information in this article may be outdated. In the retirement plan world, SIMPLE stands for Savings Incentive Match PLan for Employees. There are SIMPLE IRAs and SIMPLE 401(k)s. Note how the L is from the word Plan and is not the first letter of its own word. That way it’s SIMPLE and not SIMPE. Note also that the term “SIMPLE plan” is redundant since PLan is already part of the SIMPLE acronym. It’s like saying PIN number or ATM machine ..read more

Last week, CEO Sandy Wiggins joined Bill Fitzgerald of CBS6 to discuss the current volatility in the market. Check out the video below for the full interview. You can also click here to see CBS6's write-up of the interview.  ..read more

Many years ago, along with the birth of ERISA (Employee Retirement Income Security Act), a famous “rock” group posed a great question with the song lyrics “What’s The World Coming To?” With all that’s happening today, the question may now be apropos more than ever before ..read more

The stock market has been up and down throughout 2022 so far – more down than up. A number of qualified retirement plan clients have asked us about making their 2022 plan year contributions early, the goal being to “buy the dip ..read more

Client Problem: The owners of a fast-growing construction firm were concerned about recruiting enough talented employees to keep up with demand while retaining current employees. Seeing their personal incomes soar in recent years, the construction firm owners were also interested in maximizing tax savings ..read more

A record number of American workers left their jobs in November 2021. Check out the below video for an interview with Sandy Wiggins, CEO of ACG Wealth Management, about what caused this, how this "Great Resignation" can actually be a positive moving forward for employees, and what steps employers can take to remain competitive in the job market.              ..read more

As a result of higher increases to the Consumer Price Index in 2021 than have been seen in recent years, Social Security benefits and qualified retirement plan limits will rise significantly in 2022, according to recent announcements from the IRS and Social Security Administration (SSA). Pension Benefit Guaranty Corporation (PBGC) premiums are set to rise as well ..read more