Jim Byrd and Biff Hamel host Safe Investing in the New Economy on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News Radio 710 WNTM. Listen to this weekly educational financial radio show on the radio, the website or on the podcast on iTunes. The focus is on retirement planning and investing for a safe and happy retirement.
Date: Tuesday, June 26, 2018
Time: 6:00 pm
Host Organization: James L. Byrd, Safe Harbor Financial
Call for Reservations: 251-625-1226
Email Contact: email@example.com
Location: Jesse’s Restaurant, 14770 Oak St, Magnolia Springs, AL 36555
Website: Jesse’s website
- This is an informational event and starts promptly at 6pm. Please phone our office for reservations as seating is limited and our events do fill quickly.
- Please arrive by 5:45 pm. Doors close at 6pm.
- 48 hours notice of cancellation is required for anyone not able to attend as a courtesy to allow time to fill seats.
- This event is for first time attendees only. Please, no children or additional guests other than those who have registered, as seating is limited.
Fortunately, the late 2017 passage of the Tax Cuts and Jobs Act did not yield any reductions in tax-advantaged contribution limits on qualified retirement plans — although there were debates and proposals to that effect. However, there were minor changes that could be advantageous for investors and worth considering when creating a strategic retirement plan.
Widespread tax cuts generally result in a marked decline in government revenues and/or cutbacks in services or other areas. One area Congress considered cutting back was the amount of tax-deferred contributions that workers could make to employer-sponsored retirement plans. One proposal recommended scaling back contributions from the current limit of $18,000 a year to as little as $2,400.1
As one recent survey confirmed, it is likely that Americans would save even less for retirement than current levels if not for the tax-deferred status of their 401(k) plan contributions.2 Indeed, proposals that discourage retirement savings are probably not in the best interest of Americans or the government itself — which would inevitably bear the burden of providing more Social Security benefits for those who do not save enough.
With that being said, there are several ways in which the new tax legislation could impact retirement plans moving forward.
“The Wells Fargo/Gallup Investor and Retirement Optimism Index found nearly half of U.S. investors would save less or stop saving if the tax-deferred status of their 401(k) plans was removed.” 3 [Read more…]
Jim Byrd and Biff Hamel host their weekly educational financial radio show, Safe Investing in the New Economy, on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News Radio 710 WNTM. Listen on the radio, the website or on the podcast on iTunes. Learn more about retirement planning and investing for a safe and happy retirement. This week’s show includes our expert guest, Dawson Walley, Business Development Manager at Medicare Compare Agency in Pensacola, Florida discussing the in’s and out’s of Medicare plans. [Read more…]
Memorial Day BBQ at Post #199
Jim Byrd and Safe Harbor Financial are again sponsoring the Memorial Day BBQ at the American Legion Post #199 in Fairhope, AL. For the second year in a row, we will be honoring Gold Star Families* in the Fairhope area. You and your family and friends are invited to share in this very special Memorial Day celebration. BBQ Chicken and Pulled Pork Plates with coleslaw and beans will be served, $12 per plate. Gold Star* families eat free. Lunch begins at 11 am so arrive early to get a ticket. The public is always invited. Bring the whole family for picnic style seating in the hall or on the Tiki Beach. The Doc Johnson Band will play on the big stage at 4 pm. Make your plans today to join us! [Read more…]