The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, and it took effect on January 1, 2020. Overall, the legislation is intended to strengthen retirement security nationwide, but it also contains multiple changes that impact retirement and estate planning. Let’s dig into a few of the most significant provisions.

No Age Cut-Off for IRA Contributions

In the past, you were prohibited from contributing to a traditional IRA in the year

If you’ve been thinking about retirement planning, you’ve undoubtedly considered how much investment risk is appropriate for your financial goals – and your comfort level.

Every investment has risks.  The usual pattern is that when the stock market goes up, the bond market goes down (usually due to the Federal Reserve Bank increasing interest rates), but market cycles can be very strange indeed.  In 2018, both the stock and bond markets lost money.  This is precisely why

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Rock the PodCast Episode: Women in the Financial Planning Industry with Echo Huang, CFA, CFP®, CPA

In this client feature episode of Rock the Podcast, Jessica interviews Echo Huang. Echo is a female Chinese immigrant who moved to America with only $800 in her pocket at the age of 20 and founded Echo Wealth Management as a Registered Investment Advisor (RIA) in 2015. She is passionate about educating women that Financial Planning is a viable career path for them and

Anyone who successfully serves in a leadership role – or who hopes to – should think about how they are perceived by others. Education, experience, and results mean little if you aren’t viewed as a leader, and so quite a bit of your potential success comes down to presence.

Oh, the dichotomy of money discussions. They’re so important to have, yet they are often uncomfortable and, therefore, avoided at all costs. Couple that with the fact that money disagreements are a leading cause of divorce,[i] and it’s no surprise most married couples aren’t properly communicating about financial habits and money values.

[i] https://www.cnbc.com/2015/02/04/money-is-the-leading-cause-of-stress-in-relationships.html

In conjunction with Mpls. St. Paul Magazine and Twin Cities Business, Five Star Professional has recognized Echo Huang with the 2020 Five Star Wealth Management award. Echo Huang has been a nine-year recipient (2012 - 2020) of this award.

Check out Echo’s online profile and feel free to share it with your colleagues and friends who may be looking for a trusted wealth manager.