Perspectives & News

The significant retirement legislative package known as “SECURE 2.0” was passed on December 23, 2022 as part of the 2022 omnibus appropriations bill. The legislation is an important step forward in providing more Americans with greater retirement security. Within its 350+ pages of legislative text, the SECURE 2.0 includes 92 provisions, aimed at expanding retirement coverage and increasing retirement savings, preserving income, and simplifying and clarifying retirement plan rules. We share our 9 Key Takeaways.

In late fall, the Internal Revenue Service (IRS) released adjusted income tax brackets for the 2023 tax year. The 7.1% adjustment to the brackets was one of the biggest we have seen in decades. These adjustments added thousands of dollars to most of the marginal tax brackets, which could mean more money in your pockets come tax filing time.

Join Dave Harris as he reflects on the volatility of 2022 and a series of events that has resulted in an inflection point. Dave shares what he believes has contributed to this moment and what he expects to come next.

A new year can bring a fresh start. Many of us take time to evaluate the past year or even create goals for the upcoming year. These practices are valuable and allow us to look at the bigger picture in our lives. Since money is a tool that can assist in achieving goals, applying practices like these to our finances is imperative. Outlined below are a couple items to keep in mind as you plan for the new year:

MCF Advisors LLC (MCF) announced today that Lexington-based Duncan, Smith & Stilz (DSS) Certified Public Accounting firm will join the MCF team on January 1, 2023. This furthers MCF’s depth and ability to offer a wide range of financial expertise to its clients. MCF’s Tax & Accounting service offering has substantially grown since it began offering these services two years ago. MCF offers clients added value through the Financial Advisor also leading the client’s tax needs. This allows for real-time financial decisions that considers tax implications.

MCF is pleased to announce Alyssa Potter, Director of Institutional Services, has been named to the National Association of Plan Advisors (NAPA) 2022 list of Top Women Advisors.