When someone has been with your company for decades and announces they are going to retire, it’s a big event which needs to be handled more seriously than a routine replacement.

Beginning January 1, 2026, new rules under SECURE 2.0 will significantly change how certain employees make catch-up contributions to retirement plans. Highly Paid Individuals (HPIs) will be required to make their catch-up contributions on a Roth basis.

The OBBBA’s permanent increase in the federal estate and gift tax exclusion to $15 million per individual opens new opportunities for high-net-worth clients but also requires a thoughtful review of existing plans.

The IRS announced an extension to certain tax filings and payments for individuals and businesses in designated disaster areas in Mississippi.

The SECURE Act 2.0, short for Setting Every Community Up for Retirement Enhancement, is a continuation and expansion of the retirement efforts that began with the original SECURE Act of 2019.

The IRS’s new proposed guidance provides more clarity on how forfeitures are allowed to be used and places responsibility on employers to manage forfeitures more proactively. Whether you sponsor a 401(k), a pension plan, or both, now is the time to revisit your forfeiture procedures and ensure full compliance before the end of 2025.