IRS Announces 2022 Pension Plan Limits
The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2022. Read More
Author Archives: Summit Blog Admin
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Summit Blog Admin
Market Update for the Quarter Ending September 30, 2021
Markets pulled back sharply in September after setting record highs in August. Read More
Market Update for the Quarter Ending March 31, 2021
U.S. stock markets saw gains for the month and quarter, but not all stocks did well. Higher interest rates led to some volatility, especially for growth and technology companies. Read More
Market Update for the Quarter Ending December 31, 2020
Markets continued to rally in the final month of 2020 Read More
Market Update for Quarter Ending June 30, 2020
On a quarterly basis, all three indices showed strong rebounds following March’s volatility. Read More
Retirement Account Rule Changes Under the CARES Act
For many Americans, the novel coronavirus (COVID-19) pandemic has resulted in an immediate need for funds that can provide financial stability. In response, lawmakers have lessened financial burdens through stimulus legislation that includes several temporary rule changes to retirement account withdrawals. Read More
Market Update for the Quarter Ending March 31, 2020
March was another terrible month for stocks, capping off a turbulent quarter. The continued spread of the novel coronavirus led to even more fear and uncertainty in global markets. Read More
The SECURE Act: What it Means for your Company’s Retirement Plan
A bill that comprehensively reshapes the realm of employer-sponsored retirement plans for employers and employees alike has been passed into law. Read More
Market Update for the Quarter Ending December 31, 2019
What a difference a year can make. At the end of 2018, markets were selling off due to political concerns, and the year finished on a sour note. But 2019 had a significantly better ending for investors. Read More
Market Update for the Quarter Ending September 30, 2019
U.S. markets had a positive September, which helped offset volatility earlier in the quarter. Read More