COVID-19 Implications for Retirement Plans

We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.

COVID-19 Implications for Retirement Plans

May 21, 2020

COVID-19 Implications for Retirement Plans

We hope this notice finds you safe and healthy. However, we understand the uncertain times of COVID-19 has most likely affected your…

Retirement plan contribution limits increase for 2020

January 28, 2020

Retirement plan contribution limits increase for 2020

The IRS has announced the increase in contribution limits for various retirement accounts for 2020. For any employees who participate in 401(k),…

What You Need to Know About the SECURE Act

January 15, 2020

What You Need to Know About the SECURE Act

The SECURE Act, a law to bolster retirement savings, was recently enacted. The law contains a number of changes, some that went…

Time for That Mid-Year Finance Check-up

June 6, 2019

Time for That Mid-Year Finance Check-up

Believe it or not, summer is almost here and 2019 half over. Taking time for a mid-year tax and overall financial “check-up”…

IRS Increases Contribution Limits for Retirement Accounts

November 8, 2018

IRS Increases Contribution Limits for Retirement Accounts

The IRS has increased the contribution limits for various retirement accounts for 2019. The Internal Revenue Service says that the contribution limit…

Considerations Before Year-End with Recent Tax Law Changes

October 26, 2018

Considerations Before Year-End with Recent Tax Law Changes

On December 22, 2017, TCJA of 2017, arguably the most sweeping tax legislation since the Tax Reform Act of 1986, was signed…

Social Security Benefits: When Should I Claim?

July 25, 2018

Social Security Benefits: When Should I Claim?

Contributed by Garrett Kerr, CPA My parents recently hit lucky number 62 and with it came questions about social security. A couple…

Illinois Secure Choice Savings Program Act

November 11, 2016

Illinois Secure Choice Savings Program Act

To improve the retirement savings of Illinois workers, the Illinois State Treasurer’s Office has created the Illinois Secure Choice Savings Program Act…