Oak Street Advisors

01/04/2024

Saving for retirement is getting a little easier in 2024 thanks to the phase-in of a handful of provisions stemming from the Secure 2.0 Act.

Workers can contribute more to retirement accounts in 2024 — plus some rules relaxed on taking emergency withdrawals.

10/24/2023

If you’re itching to save more into your 401(k) for 2023, your plan may have a feature that allows you to bypass the yearly deferral limit. This lesser-known 401(k) feature is a ‘no-brainer’ for big savers.

Big savers can funnel more into 401(k) plans for 2023 with after-tax contributions. Here's what investors need to know.

10/21/2023

Joe and Bryan Taylor attended the 2023 NAPFA Fall National Conference in Louisville, Kentucky this past week and learned about various new strategies now available to OSA clients. They were also able to connect with other fee-only financial planners and RIA owners to share thoughts and experiences.

09/26/2023

Adding your kids as authorized users on your credit cards may seem counterintuitive to the concept of financial independence. But it offers one way to help them learn responsibility, build their credit scores and continue the conversation about money all while helping them prepare for a future of financial independence.

Most credit card issuers allow children under 18 years to be added as authorized users on a credit card and some don’t have any age restrictions whatsoever. Adding your kids as authorized users on your credit cards may seem counterintuitive to the concept of financial independence. But it offers o...

09/25/2023

How you handle your pre-tax and after-tax accounts can make a big difference in your income in retirement and the legacy you leave.

08/30/2023

IRS delays change for 401(k) catch-up contributions. Here’s what higher earners need to know.

The IRS has delayed the "Secure 2.0" change for 401(k) catch-up contributions. Here's what higher earners need to know.

08/24/2023

Retirees could cut their lifetime tax burden as well as minimize taxes’ impact on the long-term wealth of their heirs.

08/15/2023

New rules governing certain 401(k) catch-up contributions are causing confusion and raising concerns.

08/02/2023

Help To Raise Kids Who Aren’t Entitled

FINANCIAL PLANNING Print this Article Help Your Clients Raise Kids Who Aren’t Entitled By Kristin MacDermott and Jocelyn Baker Families of wealth seek a delicate balance. They want their children to benefit from their hard work and financial blessings but in ways that result in self-suf...

07/26/2023

Mega Roth Superpowers - How this underutilized 401(k) tax strategy can help pre-retirees this year.

Our columnist shows how this underutilized 401(k) tax strategy can help pre-retiree clients this year. (By Monica Dwyer)