The Secure Act went into effect on January 1, 2020. This act changed the beneficiary distribution rules on many retirement accounts including 401(k), 403(b), Traditional and Roth IRA accounts.
Here are the top 5 misconceptions about RMDS that I have heard over my career which could be quite detrimental to your pocketbook.
Many people are confused about whether they can contribute to their plan or when they have to start plan distributions once they reach age 72. Listed below are the common retirement plans in use by most people today and a summary of the respective plan contribution...
Pre-death planning is area that is frequently overlooked. Someone you love (a spouse, partner, child, sibling or friend) will be entrusted to manage your affairs upon your passing.
Women are more empowered and educated today than any time in history. There is a woman serving as the first VP of the US. Women serve in all branches of US armed forces…
A job loss, an illness or an unexpected expense are not things we typically like to think about. Having a plan in place can help reduce your anxiety and protect you financially when the unexpected happens.
Over my 34 years in the financial services industry I have witnessed many trends driven by demographics. The latest trend involves moving out of a longtime residence to a continuing care retirement community (CCRC).
Dying intestate (without a will) leaves your heirs with a potential mess. And yet, 64% of Americans die without one, says a recent Harris Interactive poll for RocketLawyer, a legal website. The number one reason people haven’t created a will is that they haven’t...
The value that a professional financial planner (CFP® or ChFC®) can add to a person’s life is not fully understood by all. The value goes far beyond just telling a client where to invest their money.
We have all heard the famous saying of Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes.”