Welcome to the show, where you, as part of the studio audience get to hear some of the most common reasons why people don’t plan for the distribution of assets after they’re gone. Listen closely, so you don’t make the same excuses. Okay, maybe that’s a little over-the-top, but not...
It’s a tiny little gift from the IRS, but it’s still a gift. Beginning January 1, 2022, Required Minimum Distributions on IRAs, qualified retirement plans, and annuities will be less. It’s your reward for living longer. RMDs have to be taken by people turning age 72 after 2019. Older taxpayers...
2020 has been a year fraught with stress, anxiety and change—some for the better, some for the worse. We’ve all been forced to rethink goals, dreams, timelines and reality. Retirement plans have not escapedscrutiny either. At the height of the covid crisis, the Social Security advice site, SimplyWise, conducted its...
The definition of retirement is changing. Baby Boomers are figuring out that retiring doesn’t mean sitting down and doing nothing. Now and going forward, retirement is about changing gears and pursuing ideas and passions you’ve not had time for. Sometimes changing gears means continuing to work, to give back from...
May you live in interesting times. Although that sounds like an ancient blessing, it’s believed to be a Chinese curse casting instability and uncertainty on the person who hears it. Blessing or curse, it’s a great description of the year we’ve just come through, and in spite of all the...
The end of the year is always a good time to do a little financial maintenance, take advantage of last-minute tax deductions, and get your financial house in order for next year. Here’s a checklist of some items to consider. Tax-Loss Harvesting Do you have losses in your investment portfolio? It...
It used to be that retirees who worked part-time did so because they had to—the widow who didn’t have enough money after her husband died or the couple whose only retirement income was Social Security. There’s a new category of retirees working part-time. They’re the ones who want to work,...