Many of us think of retirement as part of the natural order of things. Not long ago, this meant working until you’re about the age of 65, then living off a pension and Social Security benefits. Now, pensions have become less … [Read more...]
Print This PageThere are Downsides to Delaying Required Minimum Distributions (RMDs)
February 3, 2023 by
Q. A few weeks ago, you wrote about SECURE 2.0 and some of the impactful provisions of the new law. Among them, you mentioned how the age when Required Minimum Distributions (RMDs) would need to start has increased to 73 for … [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 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 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 PageCritter Corner: Charitable Giving During the 2020 Tax Season
June 26, 2020 by
Dear Ernie and Jannette,We want to support our favorite local charities and small businesses as much as we can while they are reviving themselves from all the changes in their business environments. We would like to give now, … [Read more...]
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