The IRS announced the 2026 changes to contribution limits and income thresholds for retirement savings vehicles. Keep reading to learn what’s changed and how it could impact your retirement savings and tax planning.
The One Big Beautiful Bill Act (OBBBA) includes several new and enhanced provisions tied to adjusted gross income. Learn about how this affects your tax planning.
Read about how the One Big Beautiful Bill Act alters charitable giving for itemizers and non-itemizers, and what you can do to prepare for the changes.
We are thrilled to announce that Kristy McCullough, Partner and Managing Director at Mowery & Schoenfeld Wealth, has been recognized as one of the Top Women Wealth Advisors by Forbes for 2025, ranking #26 in Illinois. This prestigious recognition...
LAKE FOREST, IL— Mowery & Schoenfeld Wealth, a leading financial advisory firm, is proud to announce its inclusion in Newsweek’s list of America’s Top Financial Advisory Firms for 2025. This accolade highlights Mowery & Schoenfeld Wealth’s unwavering commitment to...
Lincolnshire, Illinois – June 28, 2024– Mowery & Schoenfeld Wealth was named the winner of a Gold Stevie® Award in the Wealth Management New Financial Services of the Year category in The 22nd Annual American Business Awards®. The American...
In an era marked by a growing desire for positive societal impact, philanthropy has emerged as a vital vehicle for change. Donor advised funds (DAFs) have gained prominence as a flexible and efficient tool for individuals and families to...
Mowery & Schoenfeld Wealth is proud to announce it now ranks as one of the 2023 Top Firms by Assets Under Management from Accounting Today. “We are thrilled and honored to be recognized as a top firm by Accounting...
One of the biggest goals of most parents is that their children become financially secure adults. To pave the way, it’s important to show young people the value of saving and provide them with the best education possible. By...
Mowery & Schoenfeld, LLC is proud to announce Michael Deering, Tax Partner and Director of Tax, was named one of the Crain’s 2022 Notable Gen X Leaders in Accounting, Consulting and Law. This award recognizes the top Chicago area...
On Friday, October 7, 2022, the IRS issued Notice 2022-53 to reaffirm guidance for defined contribution (DC) plans on required minimum distributions (RMDs). In response to complaints and questions from beneficiaries subject to the 10-year rule plus the annual...
A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing your other retirement savings vehicles—and it offers estate planning benefits to boot. HSA Basics Similar to a traditional IRA or 401(k) plan,...
