529 Rollover to Roth IRA
Marshall Nelson
Section 126 of SECURE Act 2.0 has created the new ability for a portion of unused funds in a 529 account to be rolled over into a Roth IRA.
Section 126 of SECURE Act 2.0 has created the new ability for a portion of unused funds in a 529 account to be rolled over into a Roth IRA.
SECURE Act 2.0 seeks to build on the original SECURE Act of 2019 by providing additional retirement planning flexibility and more options for Americans to save for their own retirement. Some provisions may have an immediate impact on your retirement strategy – here is a summary of several of the key changes:
When selling your business, one of the first issues that is likely to come up is whether to structure the sale as an asset sale or a stock sale. These are the two primary structures for selling a business, and the differences can have significant consequences for you as a seller.
In the first post of our three-part series on the sale process for a middle-market company, we focused on the strategic perspective, discussing how to optimize revenue, and quality of earnings given the constraints of a firm’s business model. The second post then delved into how a business needs to identify important house-cleaning actions, including accounting, financial, operational, and legal to prepare for a sale.
The next step is going to market.
Because selling a business requires extensive preparation, starting the process early will help provide the best opportunity for a successful outcome.
Strategic considerations —Part I of a three-part series. We are often asked by clients when they should begin positioning their companies for a sale or liquidity event. Many entrepreneurs have a clear view of an exit from the day they open the doors. Every strategic and operating decision is made in the context of creating value to be monetized at exit. These companies often have experienced investors and boards who have been down the road to exit before, providing invaluable advice regarding strategic focus and positioning.
Multigenerational financial planning and wealth transfer are rarely ever simple. Each client brings distinctive and varied considerations, so even experienced planners can encounter something new every day. The current environment of rapidly rising inflation adds a new element to evaluate and may cause some increased client anxiety, but if planning is done right, then “headline news” should not significantly impact a client’s long-term strategy.
There are two main categories of buyers: strategic and financial. These buyers are very different, each having its own pros and cons. At Crewe, we often advise our clients…
According to a recent study compiled by Cerulli Associates, roughly 45 million households in the U.S. will transfer $68 trillion over the next 25 years, making Generation X the primary beneficiary. To address this, I like to think about this in two separate phases that we work through with clients to prepare for an efficient generational wealth transfer.
The M&A and growth-capital world can be difficult to navigate. It’s crucial that you hire a professional firm with your best interests in mind and the capabilities to execute on them, while maximizing the valuation of your business and ensuring any transaction goes as smoothly as possible. The decision about who will provide these pivotal services should not be made without carefully weighing your options, in order to identify the best path forward for you and your business.
