Jeff Witz, CFP

Your projected retirement tax bracket may help guide selection.

Diversification is key to mitigate impact of rising rates.

Which option you select depends on your goals and what you want to cover.

Having a year-to-year strategy helps you achieve short- and long-term goals.

"The maximum simplified employee pension plan individual retirement account contribution was increased from $58,000 to $61,000, with maximum countable compensation increased to $305,000," writes Jeff Witz, CFP.

Loan repayment assistance programs and refinancing are options.

Be sure to replenish your emergency fund if necessary.

Inflation within healthy ranges can be advantageous for consumers.

A list of potential estate planning mistakes you can help avoid with professional guidance.

Cryptocurrency, nonfungible tokens, and marijuana stocks: Should you add alternative investments to your portfolio?

Sticking to your investment strategy can help avoid emotion-driven decisions.

CME reimbursement amount and 401(k)/401(b) are among elements to consider.

Among the changes are increases in phase-out ranges for traditional and Roth IRAs.

529 plans and trusts help save and manage money destined for your children.

Now is the time to assess your emergency fund and update beneficiaries.

Reports on indexes and averages can help benchmark stock performance.

Legislation sets 10-year withdrawal window for nonspouse beneficiaries.

Converting funds to Roth dollars is among the most effective strategies.

Withdrawals from pretax retirement accounts are among the ways to bridge your income, according to Jeff Witz, CFP.

"[A study by Harry Markowitz] found that more than 90% of your long-term investment success is determined by asset class selection," writes Jeff Witz, CFP.

The bill provides coverage of nonreimbursable expenses attributed to COVID-19, writes Jeff Witz, CFP.

Avoid making decisions motivated by emotion and fear, advises Jeff Witz, CFP.

"An excess contribution into a Roth IRA can be a hassle, but it is correctible. The sooner you fix the error, the less painful and less expensive the process will be," writes Jeff Witz, CFP.

"Contribution limits increased for 401(k)s, 403(b)s, and most 457 plans to $19,500, up from $19,000 in 2019," writes Jeff Witz, CFP.

"If you are self-employed, a solo 401(k) is an excellent option for saving for retirement," writes Jeff Witz, CFP.

Avenues for taking distributions vary according to the decedent’s age.

"This time of year presents the perfect opportunity to review and possibly adjust your financial planning strategies," writes Jeff Witz, CFP.

"If your life insurance needs are temporary, then term insurance is likely the most appropriate vehicle," writes Jeff Witz, CFP.

Trusts provide management of assets while minimizing probate expenses, according to Jeff Witz, CFP.

Work out decisions on combined accounts and long-term goals before the big day, advises Jeff Witz, CFP.