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SECURE Act 2.0 Summary

On December 23, 2022, Congress passed a new tax bill that will have a huge impact on Americans’ lives in the upcoming years. At WJ, we have been researching and clarifying all the new 92 provisions so we may continue to be a valuable resource to all our clients. Below is a list of key points we feel will have the biggest impact to our client’s lives. New Required Minimum Distribution Age If... READ MORE

The Strength of the Cable and Financial Independence

Watching the inauguration in D.C. earlier this month reminded me of the many years I spent living in the D.C. area. Much of that time was spent during my tenure at the United States Naval Academy in Annapolis, MD (located about 30 miles outside of D.C.) where I earned an undergraduate degree in ocean engineering. For those who aren't familiar, the Naval Academy is one of 5* service academies... READ MORE

Retirement Plan Contribution Limits Going up in 2020

The IRS has published the new increased retirement plan contribution limits for next year. However, contribution limits for IRAs are remaining the same. Please click here to check out Forbes ' helpful summary of the new contribution limits for 2020.... READ MORE

Still working? How to decide on Medicare

Lately, we've noticed more of our clients who are contemplating retirement are choosing to stay employed beyond age 65. Therefore, we are often asked about when they should sign up for Medicare (if at all) and how to make the best choice to keep their costs down while keeping the coverage they need. Click here to read Sarah O’Brien's article that is very helpful for those who plan to remain... READ MORE

When to Claim Social Security?

When to claim social security is a tough decision. This article from Bloomberg is a great explanation about not only the benefits of waiting, but also explains that it may not be the ideal decision for all scenarios. Click here for the article.... READ MORE