Join SYM principals and financial advisors Seth Whicker and Tom Ackmann as they discuss what makes Employer-Sponsored Retirement Plans unique. From fees and fiduciary to accomplishing your goals for your employees’ retirement, Seth and Tom explain how to look for and secure a truly trusted financial advisor.
While the CARES Act eliminated the requirement for individuals to take required minimum distributions (RMDs) from retirement plans in 2020, those who took their RMD before the Act’s passage found themselves in a sort of limbo solely due to timing. According to existing rules, only those who took a distribution on or after February 1, 2020 could roll the distribution back into a plan or IRA and meet the 60 day rule. Those who took
Join SYM principals and financial advisors Seth Whicker and Rick Harrison as they discuss what makes financial planning for the healthcare professional unique. From student loan debt to ballooning earnings to practice ownership, Rick and Seth explain how to look for and secure a truly trusted financial advisor.
The Michigan Education Savings Plan (MESP) recently announced important enhancements to its 529 College Savings Plans. These changes take effect on June 15, 2020. MESP is expanding the current investment lineup to include underlying investment options from Vanguard, Charles Schwab and iShares while maintaining the existing investment offerings from TIAA-CREF. In conjunction with the new investment offerings, account owners will see more of their 529 contributions put to work with a reduction in overall fees.
Each year the calendar provides a subtle reminder of the benefits of a section 529 college savings plan. These plans offer tax-free growth of invested money as long as the funds are used for qualifying education expenses. In addition, many states offer tax deductions or credits for contributions made to eligible plans. The definition of qualified expenses within 529 plans has been expanded in recent years thanks to three pieces of legislation. All three changes
Carmel Monthly, May 2020
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(317) 848-2180
9100 Keystone Crossing #560,
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(317) 848-2180
9100 Keystone Crossing #560,
Indianapolis, IN 46240
* SYM Financial Corporation ‘SYM’ is an independent investment advisor registered under the Investment Advisers Act of 1940, as amended. SYM ranked #96 in top fee-only RIA by COMPLY in 2023. This rating is not representative of a client’s experience and is not indicative of future performance. SYM did not pay COMPLY a fee for inclusion in the rankings and data is based on 2023 ADV filings.
The opinions expressed herein are those of SYM Financial Corporation (“SYM”) and are subject to change without notice. This material is not financial advice or an offer to sell any product. SYM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. SYM is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about SYM including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.
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