Q. My wife and I are on target to retire in five years. We want to make sure we don’t make any major mistakes along the way. What, in your opinion, are some of the most common retirement mistakes and how can we avoid them? Thanks … [Read more...]
Print This PageWhat Happens When You Inherit an IRA from a Non-Spouse?
June 22, 2021 by
Marty’s brother, Ed, passed away suddenly. He never got married or had children, so he passed everything, including his Individual Retirement Account (IRA), to Marty. During one of the most difficult times in his life, while … [Read more...]
Print This PageAfter the Covid-19 Pandemic—How It Has Impacted Retirement
June 15, 2021 by
Jane and Steve were planning on retiring in five years. Now, a year after the COVID-19 pandemic, those plans have changed. When Steve’s business wasn’t doing well this past year, they couldn’t contribute to their retirement … [Read more...]
Print This PageAre RMDs Back This Year or Will They Be Waived Again?
January 15, 2021 by
Q. I turned 70 in November 2019. I was planning on taking my first required minimum distribution (RMD) in May 2020 (when I turned 70½) until the government waived 2020 RMDs. Is my first RMD now due by May 2021? What about my wife, … [Read more...]
Print This PageHow the Pandemic has Reshaped the Way We Look at Retirement
November 20, 2020 by
Q. My husband and I have been working for nearly 35 years each and are due to retire in the next few years, but things seem uncertain for everyone now. My understanding is that the pandemic has added new challenges to the … [Read more...]
Print This PageWhen You’re Navigating Retirement as a Solo Ager
September 18, 2020 by
Q. I’m 58 years old and am single. I would like to retire in the not so distant future, but most of the information available is for married or even divorced people, and I’m feeling lost. I’m not feeling confident about retirement … [Read more...]
Print This PageUnderstanding the Changing RMD Landscape in 2020
June 26, 2020 by
Q. I understand that the rules for Required Minimum Distributions (RMDs) from workplace retirement plans and individual retirement accounts have changed this year due to the SECURE Act earlier in the year and the recently enacted … [Read more...]
Print This PageRetirement Risks faced by Millennials, Generation X, and Baby Boomers
June 19, 2020 by
Q. My husband, Glenn, and I are in our 50’s and deciding when to retire. We’re finding decisions about retirement (when to retire, where to retire, how much to save, etc.) to be some of the biggest decisions we have had to make. … [Read more...]
Print This PageCritter Corner: Top 10 Ways to Plan for Retirement
June 19, 2020 by
Dear Magic,I am hoping to retire in the next 10-15 years. Do you have any tips to help me plan ahead? Thanks Rhea Tyre --- Dear Rhea, The U.S. Department of Labor recently released a helpful compilation of things you can … [Read more...]
Print This PageWhy Retirement Planning Is Even More Important During a Pandemic (Part 3 of a 3-part Series)
April 7, 2020 by
Randy Smythe, 60, took an early retirement last September after a career in e-commerce sales and soon took off to spend a year visiting the national parks while renting out his home. Now, similar to most Americans, he’s stuck at … [Read more...]
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