News Blog


GRA has compiled a news feed to keep you up-to-date on

the latest financial and retirement news that could affect your wallet

See the latest headlines below.

Top 10 Benefits of Charitable Giving and Donations

By GRA News Blog | November 19, 2019 | Comments Off on Top 10 Benefits of Charitable Giving and Donations

The fact that charitable giving can help reduce your tax burden is well known, especially if you’re in a high bracket. But the benefits of giving extend far beyond tax breaks. Of course, giving can be a challenge – especially when money is tight. After all, your income could just as easily go toward a college savings fund for…

How A 2% Solution Can Be The Key To Increasing Your Retirement Security

By GRA News Blog | July 2, 2020

GETTY Many people try the wrong route to building their retirement wealth, or rebuilding it after a market decline. The wrong way is to look at only a small part of the financial picture instead of the whole picture. Looking at the whole picture can lead you to faster, easier ways to increase retirement security.…

Is borrowing from my 401(k) considered a loan because of Coronavirus?

By GRA News Blog | July 1, 2020

Is borrowing from my 401(k) considered a loan because of Coronavirus?  Gregory explains the rules and waving of fees for borrowing from a 401(k) or IRA for financial relief due to Covid19. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to…

Here’s a foolproof way to create retirement income for the rest of your life

By GRA News Blog | July 1, 2020

KEY POINTS At age 72, individuals are required to take mandatory withdrawals from their retirement accounts each year, based on their life expectancy. This formula — known as the required minimum distribution — can also work hand-in-hand with delaying Social Security benefits until age 70 to create a sustainable drawdown strategy. If you’re taking this…

Lost your job? Here’s what to do with your 401(k)

By GRA News Blog | June 30, 2020

Consider all of the options when transitioning a work-sponsored retirement plan. Getty Images Every week, millions of Americans are filing for unemployment due to the COVID-19 crisis. Whether you’ve been with a company for six weeks or six years, if you lose your job, there are plenty of options for what to do with your vested…

If your company has stopped matching 401(k) contributions, you can still save for retirement — you just might want to change how you do it

By GRA News Blog | June 30, 2020

Hero Images/Getty Images According to a survey by Fidelity Investments, about 10% of employers have or plan to suspend their company’s 401(k) match. If you’ve lost your employer match, saving in an IRA before your 401(k) could be more beneficial, since IRAs have more investment options and lower fees. After you’ve maxed out your IRA,…

5 times you should consider meeting with a financial planner

By GRA News Blog | June 29, 2020

You may need a financial planner to help reorganize your money when a baby comes along. Klaus Vedfelt/Getty Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent…

If you didn’t save as much for retirement as you wanted last year, you have until July 15 to make contributions

By GRA News Blog | June 26, 2020

The deadline to contribute to IRAs and HSAs is Tax Day. mixetto/Getty Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. The federal tax deadline is July…

Wednesday Q&A – What are the new RMD rules for 2020?

By GRA News Blog | June 24, 2020

What are the new RMD rules for 2020? Let’s go over the quick changes for required minimum distributions for 2020 in the video below. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to Help Have questions about this week’s content, or need…

2020’s Tax Burden by State

By GRA News Blog | June 24, 2020

Adam McCann, Financial Writer  •  Jun 24, 2020 This year, Uncle Sam will take his cut of the past year’s earnings a bit later than usual, on July 15. This three-month delay gave Americans some extra time to get their financial situation in order following the economic devastation caused by the COVID-19 pandemic. However, many taxpayers are…

IRS Expands CARES Act Tax Breaks On Retirement Plan Distributions, Loans

By GRA News Blog | June 24, 2020

The IRS expanded the number of taxpayers who qualify to tap into their retirement plans using the generous provisions of the CARES Act. The IRS also answered questions about details of distributions and loans under the CARES Act that have been asked by employers, employees, and plan administrators. The Coronavirus Aid, Relief, and Economic Security…

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