Decoding the Debt Ceiling Crisis
Posted by KBK Wealth Management on Tue, 01/24/2023 - 09:18
As of January 19, 2023, the U.S. government has officially reached the debt limit, and the new Congress has yet to pass a law allowing additional borrowing. What happens next?
Brad McMillan, CFA®, CAIA, MAI, managing principal and chief investment officer, shares a summary of the situation, and offers his reasoning about why he doesn’t think panic is warranted in his recent article, “Decoding the Debt Ceiling Crisis.”
It’s Here: What You Need to Know About SECURE 2.0
Posted by KBK Wealth Management on Wed, 01/18/2023 - 14:19
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023, an omnibus spending bill that includes the SECURE 2.0 measure (a.k.a. the Securing a Strong Retirement Act 2.0). Broadly, SECURE 2.0 is intended to make retirement saving more straightforward and accessible to a wider range of people. As such, it encompasses many aspects of financial planning and retirement saving.