BIONDO Perspectives

Proactive Steps in an Uncertain Environment

By The Biondo Team

In our continued effort to assist our clients with all things pertaining to their financial well-being, the following are some proactive steps that should be explored in these uncertain times. Apply for a loan under the Paycheck Protection Program. If you own a small business, you should begin the process of applying for the SBA […]

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The SECURE Act is Now Law.

By Casey H. Pisano, CFP®, AIF®

In our last newsletter we discussed proposed retirement reform that had bi-partisan support. Although we, along with the rest of the planning community, anticipated some significant change to IRAs and RMDs for non-spouse beneficiaries, we didn’t have an actual law to work with. As of December 20, 2019, we do have a law to work […]

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How Would the SECURE Act Affect Your IRA?

By Casey H. Pisano, CFP®, AIF®

Looming legislation may have an impact on plans to leave IRA accounts to adult children… Here’s why: The legislation would require certain beneficiaries to accelerate the distributions they’re required to take out of inherited IRAs. If your adult children beneficiaries are forced to take out sizeable amounts of money from the account, it not only […]

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2019 Retirement Contribution Changes & Updates

By Alexa Bogusta

Important Announcement to Our Clients: 2019 retirement contribution limits have increased to $6,000 for IRAs, with a $1,000 additional catchup allowed for those 50 years old and older, and $19,000 for 401k, 403b and most 457 plans, with the $6,000 additional catchup for those 50 years old and older. We encourage our clients to start […]

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