by David Gensler | Jul 5, 2022 | article
A client came to see me about his retirement plan. Bill had done well and was ready to enjoy some of the benefits he’d been saving for all his life. Bill had divorced his first wife a decade earlier, and moved on to a new partner. “Bill, there’s something a lot of...
by David Gensler | Jun 28, 2022 | article
Bea took a seat next to her friend Maria at the monthly SHRM chapter meeting. “Maria how are you? I was hoping I’d run into you. I have an HR question for you.” Maria smiled. “Always good to see you. How can I help?” Bea took a breath. “I’ve got the insurance stuff...
by David Gensler | Jun 22, 2022 | article
Two lawyers were talking at a chamber of commerce breakfast. Both owned successful, growing practices. “Ah, but that success comes with a price,” said Bill. “I’m happy that my firm is doing well but it’s my firm. I want to set up a retirement plan that doesn’t involve...
by David Gensler | May 26, 2022 | article
Sally sounded frantic on the phone. “You helped my friend Karen at the c0m0any she works for and I’m hoping you have a solution for me. Competition for talented employees is fierce. Business is up and I am using every resource at my disposal to fill the positions we...
by David Gensler | Sep 10, 2021 | newsletters
People get divorced and people die. Those are just facts of life. And after a divorce is finalized, folks need to put their new lives in order. Changes are made to the beneficiaries on their life insurance policies and wills get changed. New, separate bank...
by David Gensler | Sep 10, 2021 | newsletters
Section 201 of the Setting Every Community Up for Retirement Enhancement (SECURE – our government will do almost anything for an acronym) permits an employer to adopt a retirement plan after the close of the employer’s tax year. This provision applies to plans...
by David Gensler | Sep 10, 2021 | newsletters
In Saturday’s Wall Street Journal, an article appeared on a strategy known as the mega-backdoor Roth conversion. We all know that contributions to a Roth account are made with after-tax dollars and that the earnings grow on a tax free basis. The article referenced...
by David Gensler | Sep 10, 2021 | newsletters
Lost in the tumult of the last few weeks is a rather significant piece of pension legislation that was buried in the Consolidated Appropriations Act, 2021 that was signed into law on December 27, 2020. You know it more for its granting an extra $600 to Americans that...
by David Gensler | Dec 15, 2020 | newsletters
I have read various articles about the impact that the Pandemic is having on married couples and divorce. Some articles suggest that with couples forced to spend more time together, that they have decided to hit the pause button on moving forward with their divorce....
by David Gensler | Dec 15, 2020 | newsletters
Most of the deadlines for various forms of relief provided by the Coronavirus, Aid, Relief and Economic Security (CARES) Act have passed. But not all. However, as we wait for this awful year to finally be over, there are deadlines looming wuth regards to utilizing...
