August 2023

August 28, 2023

Published by Brad Horn on August 28, 2023

New Law Impacts the 401k Catch-Up Rule

Last week, the IRS announced new changes to the 401k catch-up rule. Previously, the IRS required high-earners to place their catch-up savings in Roth accounts with no immediate tax benefit. The new rule allows savers age 50 and older to make catch-up contributions to pre-tax accounts for two more years. […]

August 14, 2023

Published by Brad Horn on August 14, 2023

How to Make a Qualified Charitable Distribution (QCD) from an IRA

How to Make a Qualified Charitable Distribution from an IRA Introduction to QCDs A qualified charitable distribution (QCD) is an allocation from an individual retirement account (IRA) to a qualifying charity. Internal Revenue Code Section 408(d)(8) contains the guidelines for doing a QCD. This article summarizes the rules in simple […]

August 2, 2023

Published by Brad Horn on August 2, 2023

July 2023 Returns and Asset Performance

Major Asset Classes July 2023 Performance Comparison Introduction July 2023 returns added to gains seen in June, logging the 5th straight month of gains. The S&P 500 index was up +3.1% in July and the NASDAQ 100 index up +3.9%, buoyed by resilient GDP growth and a drop in developed […]