Higher-earning individuals and plan sponsors have been handed a two-year reprieve on a change to catch-up contributions in retirement accounts. What are catch-up contributions? For individuals age 50 or older, the 2023 IRS annual limit of $22,500 for individuals contributing to a traditional or Roth 401(k) is expanded, allowing for an additional $7,500 in catch-up…
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), once again recognized AMG National Trust (AMG) as one of the top-performing community banks for 2022 in the $300 million to $1 billion category. Community banks are vital organizations to local communities. They support their local economies, take the time to truly know…
Take advantage of this qualifying event to put your growing family on firm financial footing.
In 2023, Colorado joins a growing list of states requiring most businesses to offer an employer-sponsored retirement savings program, like a 401(k) plan or Simplified Employee Pension Plan (SEP). Most employers that don’t offer a workplace plan must enroll employees into a Roth IRA-based plan sponsored by the state called Colorado SecureSavings. For small businesses…
Instead of normal retirement age, it may be better to pursue a personal retirement savings target When is the right time to retire? Some believe there is an “ideal” age at which all the financial stars and years of preparation align. If so, it could be age 67—or full retirement age (FRA) for anyone born…
We all procrastinate. With family and career, there can be so much going on today that it is overwhelming to think about tomorrow. Besides, it’s common to push difficult discussions off to another day. An estate or end-of life plan is often one of those discussions. A problem is that doing this can give a…
AMG National Trust (AMG) employees joined over 250 Junior Achievement as they put their trading skills in the Stock Market Challenge.
In this free 9-page report about funding higher education expenses, we outline several strategies to save smartly for college. Among the five strategies to maximize education savings while maintaining eligibility for federal financial aid, we encourage grandparents to think about financially supporting a college-bound student. DOWNLOAD FREE REPORT Helping to pay for college can be a…
New COVID-19 variants pose a threat to an otherwise positive global economic outlook. Learn more about how that impacts investors in our 24-page report.
A novel solution suggested by AMG advisors helped a charitable foundation keep on giving without having to sell off portfolio assets during a down stock market.
