2026 New York State Mandatory IRA Rules: What Employers Must Do to Stay Compliant
New York State’s Secure Choice IRA program is creating new compliance requirements for many employers beginning in 2026. Businesses with 10 or more employees that do not already offer a qualified retirement plan may be required to enroll workers in this state-facilitated Roth IRA program. Our analysis at Greenbush Financial Group explains who must comply, employer responsibilities, potential penalties, and why alternative retirement plans like SIMPLE IRAs or 401(k)s may offer greater long-term value.
How Rich Retirees Use Debt to Save on Taxes and Protect Their Investments
Borrowing in retirement might seem surprising, but for high-net-worth retirees, strategic debt can be a powerful financial planning tool. Instead of triggering large capital gains taxes by selling investments, many wealthy retirees use low-cost borrowing to access liquidity while keeping their portfolios fully invested. In this article, Greenbush Financial Group explains how securities-backed lines of credit, HELOCs, margin loans, and other strategies can help retirees manage taxes, preserve growth, and maintain financial flexibility.
NYS Retiree Medicare Part B and IRMAA Reimbursement Process Explained
New York State retiree health benefits include a powerful perk: reimbursement for Medicare Part B premiums after age 65. But many retirees don’t realize that IRMAA surcharges can also be reimbursed — and that process is manual. This guide explains how NYS Part B reimbursement works automatically through pension increases, how IRMAA (Income-Related Monthly Adjustment Amount) raises Medicare premiums for higher earners, what form you must file to get IRMAA money back, and how to claim up to four years of missed reimbursements.
Attention Non-Spouse 10-Year Beneficiaries: 2030 Is Rapidly Approaching
If you inherited an IRA or other retirement account from a non-spouse after December 31, 2019, the SECURE Act’s 10-year rule may create a major tax event in 2030. Many beneficiaries don’t realize how much the account can grow during the 10-year window—potentially forcing large taxable withdrawals if they wait until the final year. In this article, we explain how the 10-year rule works, why 2030 is a high-risk tax year, and planning strategies that can reduce the tax hit long before the deadline arrives.
New York State Secure Choice Law — Companies Are Now Required to Sponsor Retirement Plans for Employees
New York’s SECURE Choice program is changing how many employers must handle retirement benefits. If your business doesn’t currently offer a qualified retirement plan, you may be required to either register for SECURE Choice or implement an alternative plan option. In this article, we break down who must comply, key deadlines, and what employers should do now to avoid penalties and ensure employees have a retirement savings solution.
Should You Invest Your HSA Account?
Health Savings Accounts can be more than just a tool for current medical expenses. This article explains when it makes sense to invest your HSA, when to keep funds in cash, and how to use an HSA as a long-term retirement strategy. Learn about tax advantages, contribution limits for 2026, and how to transfer funds to investment-friendly HSA providers. Discover how to maximize tax-free growth for future healthcare costs.
Trump Accounts For Minor Children Explained: A New Wealth-Building Opportunity
Trump Accounts are a new retirement savings vehicle created under the 2025 tax reform that allow parents, grandparents, and even employers to contribute up to $5,000 per year for a minor child — even if the child has no earned income. In this article, we explain how Trump Accounts work, contribution limits, tax rules, planning opportunities, and the key considerations to understand before opening one.
Can You Give Money to Your Grandkids Tax-Free? Here’s What the IRS Says
The IRS allows grandparents to give up to $19,000 per grandchild in 2025 without filing a gift tax return, and up to $13.99 million over their lifetime before any tax applies. Gifts are rarely taxable for recipients — but understanding Form 709, 529 plan rules, and tuition exemptions can help families transfer wealth efficiently and avoid IRS issues.
