Retirement Insights

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INTEL

Understanding New Retirement Plan Legislation

2024 kicked off a new wave of retirement plan changes under the SECURE Act 2.0. Here are the critical updates to know.
The SECURE Act 2.0 changes affect the regulations governing qualified retirement plans, individual retirement accounts and 529 education savings plans.
Retirement

Navigating Your Options for IRA Investing

Exploring the benefits and drawbacks of managed versus self-managed IRA investing may help you determine the best approach for your goals.
Managed IRAs involve having a financial professional oversee the investments in your account—from evaluation to selection to executing transactions on your behalf.
Retirement

How the SECURE Act Impacts Inherited IRAs

Rules for inherited IRAs can be tricky to navigate under the SECURE Act. Some beneficiaries must empty the account within 10 years. Find out if the rules apply to you.
Under the SECURE Act, rules for inherited IRAs can be tricky to navigate and have significant tax consequences.
Planning

5 Ways To Transfer a Home to Your Child

For parents looking to transfer, gift or facilitate property ownership for an adult child, there are a few key things to consider.
When you include your adult child on the title to your home, you now have exposed your home to your child's creditors.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

Retirement

Using ESOPs for Your Business Exit Strategy

Understanding how an employee stock ownership plan, or ESOP, can benefit your business exit strategy could set you up for greater success.
While ESOPs can have a positive impact on a company, it’s important to understand the ins and outs of establishing one—including how they’re structured and their potential tax advantages.

Nerre Shuriah

JD, LLM, CM&AA | Senior Director of Wealth Planning

Estate Planning

Retirement Account Beneficiaries: What You Need to Know

Choosing beneficiaries for your retirement accounts is different from other assets distributed via your will. Here's what you need to know.
You have many options when planning how your retirement accounts will transfer.
Retirement

How Do Required Minimum Distributions Work?

Get answers to frequently asked questions about how required minimum distributions work.
An RMD is the amount set by the federal government that you're required to withdraw from certain types of retirement accounts each year.

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About the Entities, Brands and Services Offered: First Citizens Wealth™ (FCW) is a marketing brand of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares are the entities through which FCW products are offered. Brokerage products and services are offered through First Citizens Investor Services, Inc. ("FCIS"), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products and services are offered through FCIS, a licensed insurance agency. Banking, lending, trust products and services, and certain insurance products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, and an Equal Housing Lender, and SVB, a division of First-Citizens Bank & Trust Company. icon: sys-ehl

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