How the CARES Act has Changed RMDs for 2020
June 1, 2020
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Here is what you need to know about delaying required withdrawals from a retirement account until 2021.
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Relocating for Retirement, Family … or Taxes?
May 21, 2020
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Does your ability to pass on your wealth to your heirs depend on where you live … and die? Indeed, it does.
Would an Early Retirement and Early Social Security Be Smart?
May 14, 2020
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For many older adults, claiming Social Security early would be a big mistake. It was a mistake made by many older workers, who lost jobs in the Great Recession.
What are the Taxes on My IRA Withdrawal?
April 29, 2020
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How much you will pay in taxes on an individual retirement account (IRA) withdrawal, depends on the type of IRA, your age and the purpose of the withdrawal. Sometimes the answer is zero—you owe no taxes. In other cases, you owe income tax on the money you withdraw and sometimes an additional penalty if you withdraw funds before age 59½. On the other hand, after a certain age, you may be required to withdraw money and pay taxes on it.
Massive Changes to RMDs from Stimulus Plan
April 21, 2020
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Here are the highlights of the most recent tax changes found in the $2 trillion coronavirus relief bill, which the Senate has approved, and the House recently passed.
Planning Retirement with a Cognitive Decline
February 28, 2020
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When a loved one is experiencing cognitive decline, emotional and medical considerations often overshadow the financial planning that needs to happen. This is a potentially costly mistake.
Estate Planning Resolutions for 2020
February 5, 2020
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This time of the year is a great time to revisit your estate plan, so you can ensure your legacy is protected for years to come.
Business Succession Planning in my Estate Plan?
January 30, 2020
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Running and owning a business is just like raising a child: Both are investments in the future, and both require a lot of time, resources and effort to raise successfully. One can argue that you would treat your business like you’d treat a child; you’d want it to succeed even after you’ve passed on or retired.
How Will the New SECURE Act Impact My IRAs and 401(k)?
January 29, 2020
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A new law could affect the IRAs and 401(k)s of millions of Americans in 2020.
Tips for 401(k) Savings in 2020
January 13, 2020
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A 401(k) is an employer-sponsored account that allows you to defer the taxes on your investments until retirement, which meanw that you can roll up more money faster.
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