Every year marks a fresh start—a valuable opportunity to pause, reflect on past experiences, and set your sights on the future. As the times are always “a changing,” your approach to retirement planning should continue to evolve as well. Planning ahead and coordinating a tax-efficient account withdrawal strategy in retirement is important. The new catch-up rule under the Secure 2.0 Act could help with this now.

As the global economy implements artificial intelligence (AI) in the workplace, concerns arise regarding the potential for widespread job losses as a result. However, if true, will these human job losses be transitory or permanent? Or will the AI revolution give way to long-term human job growth given anticipated efficiency gains?

For many clients, especially those in their 50s that have college-aged children, the focus of their savings plan becomes a little less complicated once college costs are paid. For those that had been socking away funds each month for tuition, they may wonder how to redeploy those future savings dollars. You could ramp up retirements savings. However, you may already be maxing out 401(k) contributions at work, including the “catch-up” amount. As I’ve written about previously, one strategy to consider is combining different types of savings vehicles to meet those needs.