Brown Professional Group, Inc.

12/05/2025

🚀 Big News for Your 2026 Retirement Plans! 🚀

The IRS announced new contribution limits for 2026 in November, and there's a lot to look forward to! Here's a quick breakdown:

🔹 401(k), 403(b), 457 Plans & TSP: Contribution limit increased to $24,500 (up from $23,500 in 2025). If you're 50 or older, you can contribute up to $32,500 annually!

🔹 IRA Contributions: Limit increased to $7,500. Catch-up contributions for those 50 and older are now $1,100.

🔹 Roth IRA & Saver’s Credit: Income phase-out ranges have increased, making it easier to qualify and maximize your savings.

🔹 SIMPLE Accounts: Contribution limit up to $17,000, with higher limits for certain accounts.

🔹 Medicare Part B: Monthly premiums will rise to $202.90, impacting how much of your Social Security COLA you'll see.

Stay up-to-date with details about your retirement savings! For full details, check out Notice 2025-67 on the IRS website.

With most retirement accounts, once you reach age 73, you must begin taking required minimum distributions. Roth accounts are the exception. Withdrawal penalties may apply if you take the money before age 59½. Roth IRA distributions must meet a 5-year holding requirement and occur after the account holder reaches age 59½.



Sources:
IRS.gov, November 13, 2025
CNBC, November 17, 2025

08/13/2025

If you inherited an individual retirement account (IRA) in 2020, you're 5 years in.
That means you have just 5 years left to deplete the account if you want to avoid penalties.

What should you do now?
✅ Review the remaining balance
✅ Evaluate your tax bracket
✅ Start or adjust your withdrawal strategy
✅ Consider changes coming in down the road

📞 Don’t guess. A financial professional can help you make smart moves from here.



Source: IRS.gov, August 26, 2024
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

08/10/2025

Not everyone has to follow the 10-year withdrawal rule.

If you’re one of the following, you may be exempt:
✅ Spouse
✅ Minor child
✅ Permanently disabled or chronically ill
✅ Less than 10 years younger than the deceased

Instead, you may qualify for a different set of withdrawal rules.

👉 Consider working with a trusted financial professional team like us.
Penalties may apply for missed Required Minimum Distributions (RMDs). Different minimum distribution requirements may apply to a surviving spouse of an IRA owner, a disabled or chronically ill individual, an individual who is not more



Source: IRS.gov, August 26, 2024.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

08/07/2025

🕒 The SECURE Act changed the game for inherited IRAs.

Now, most non-spouse beneficiaries must withdraw all funds by the end of year 10.

But here's the twist:

📊A Required Minimum Distribution (RMD) must be distributed by the end of the 10th calendar year after the year of the individual retirement account (IRA) owner's death. Penalties may apply for missed RMDs. Different minimum distribution requirements may apply to a surviving spouse of an IRA owner or a disabled or chronically ill individual.



Source: IRS.gov, August 26, 2024.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

08/04/2025

📌 If you've inherited an individual retirement account (IRA), you might be sitting on a powerful financial opportunity, but keep in mind that rules have changed in the past few years.

The SECURE Act’s 10-year rule means many beneficiaries must empty the account within 10 years of the original owner’s passing. Some exceptions apply.

👉 Consider speaking to our trusted financial professional team for guidance.
👉 Penalties may apply for missed Required Minimum Distributions (RMDs). Different minimum distribution requirements may apply to a surviving spouse of an IRA owner, a disabled or chronically ill individual, an individual who is not more


Source: IRS.gov, August 26, 2024.
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

07/08/2025

Checked everything off your estate planning list? You might have missed this! An estate plan for your digital property. Here’s why.
https://www.everplans.com/articles/digital-cheat-sheet-how-to-create-a-digital-estate-plan

07/01/2025

What good is your will if no one will ever find it? Here’s some advice on keeping important documents safe and accessible.
https://www.legalzoom.com/articles/where-should-i-keep-my-last-will

06/24/2025

Single? Saying 'I do' to an estate plan is still essential! Otherwise the state will control your assets when you die. Here’s what you need.

How to deal with the unique challenges you face

06/17/2025

Surely, the last thing you want your family to inherit from you is a fight over your assets. Here are strategies you can use to avoid sibling disputes.

Sibling arguments over a parent's estate can be lengthy, expensive, and take an emotional toll. But there are steps you can take as a parent to prevent conflict.

06/10/2025

Thinking about dividing your estate unequally between your heirs? See how this perceived favoritism can cause hard feelings.

The answer depends on what you’ve given your kids in the past, what their needs are now, and, unfortunately, how contentious they are.

06/03/2025

Are you a family with special needs? Estate planning is even more critical for you. Here are some helpful strategies you should consider.
https://www.fidelity.com/viewpoints/wealth-management/estate-planning-for-special-needs #:~:text=One%20of%20the%20most%20common,created%20during%20the%20benefactor%27s%20lifetime.

05/27/2025

Having an estate plan is half the battle of preparation. The other half is finding a gentle way to discuss it with your family. Here’s how.
https://www.legalzoom.com/articles/inheritance-etiquette-how-to-talk-about-estate-planning-with-your-family