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Retirement plans 101: What is the required minimum distribution for 2020?

Retirement plans 101: What is the required minimum distribution for 2020?

by Vicki Prenger | Aug 13, 2020 | Uncategorized

If you are like most people, you have seen a lot of ups and downs in 2020. The global pandemic has left no industry untouched, including the retirement plan business. And that begs the question: What is the required minimum distribution for 2020? It’s a good question...
What investors need to know about the CARES Act and Required Minimum Distribution rules

What investors need to know about the CARES Act and Required Minimum Distribution rules

by Vicki Prenger | Jul 15, 2020 | Uncategorized

The CARES Act has changed many things, and one thing that investors might need to know about is the changes it has brought to the Required Minimum Distribution rules for those with IRAs, 401 (k) plans and other qualifying accounts. In 2020, there were already changes...
Pay Check Protection Program Flexibility Act: Things are moving fast!

Pay Check Protection Program Flexibility Act: Things are moving fast!

by Vicki Prenger | Jun 15, 2020 | Uncategorized

Early June saw some fast-moving changes to the Pay Check Protection Program Flexibility Act. If are looking for a brief rundown of what the Paycheck Protection Program Flexibility Act means to you, you are in luck. There are a few things you need to know. Read on: The...
Here’s what small business owners need to know about the Paycheck Protection Program

Here’s what small business owners need to know about the Paycheck Protection Program

by Vicki Prenger | May 12, 2020 | Uncategorized

If you are a small business owner, during this pandemic, you might be struggling not only to stay open, but to pay and retain your employees. Enter the Paycheck Protection Program. You aren’t alone: Across the U.S. thousands of small business owners are struggling...
The CARES Act and coronavirus: What you need to know

The CARES Act and coronavirus: What you need to know

by Vicki Prenger | Apr 3, 2020 | Uncategorized

In recent weeks, the entire country has had to change how we live, work, educate and even shop for groceries because of the coronavirus (COVID-19) pandemic. You might be wondering how it is going to affect the future as well, including your retirement plan...
The SECURE Act: Another bit of news for those with 401(k) retirement plans

The SECURE Act: Another bit of news for those with 401(k) retirement plans

by Vicki Prenger | Mar 11, 2020 | Uncategorized

The SECURE Act, passed in late 2019, is shaping up to shake up the retirement plans world. There has been a lot of talk about this new law and another way it will shape retirement plans is the mandate that 401(k) statements need to show how much monthly income the...
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    Prenger & Profitt, LLC

    We specialize in retirement plan design and compliance. At Prenger & Profitt, LLC, our mission is to advise and guide you through – not sell. In fact, because we do not sell investment products, we provide our clients...

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