SAVE – Student Loan Repayment Program
With over 28 million borrowers of Federal student loans resuming payments following a multi-year hiatus, the Biden-Harris Administration released a new income-driven repayment (IDR) plan. Known as the Saving on a Valuable Education (SAVE) plan, this IDR approach calculates monthly payments according to a borrower’s income and family size, ultimately forgiving any outstanding balances after […]
IRS Delays Roth Catch-Up Requirement for High Income Earners
There was some good news from the IRS recently for high-income earners making catch-up contributions to their employer-sponsored retirement plans. The IRS recently issued a notice that they will be postponing one of the new rule changes under Secure 2.0 Act. If you recall, the Act was going to require high-income earners (individuals making over $145,000/year) over […]
Another IRS Rule Change For RMDs!
The original SECURE Act enacted back in 2019 made two notable changes (among many) for those who owned retirement accounts. The first major change increased the age at which account owners must begin taking Required Minimum Distributions (RMDs) from their tax-deferred retirement accounts from age 70 ½ to 72. The second major change addressed how […]
Rockbridge Institutional – July 2023 Market Review
Inflation and a “Soft Landing” Inflation expectations and the economic impact of the Fed’s ratcheting up its Target Interest Rate has been a major source of uncertainty. So far, the trajectory of inflation has been in the right direction and unemployment has remained low. The trailing 12-month change in the Consumer Price Index (CPI) has […]
