Category: Investment Planning
RMDs are legally required and it is best to study up on them, because taxes can be 50%. Required minimum distributions (RMDs) are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know About RMDs“. The withdrawals are legally required and you have to take them, […]
There are ways to make both members of the couple knowledgeable about finances. There can be a high cost to the surviving member of a couple if the member who passed away was the person who handled all of the household finances, according to The Wall Street Journal in “When One Spouses Handles Finances“. The […]
Many Americans don’t know about them or fail to use them, despite the advantages. Even though health saving accounts (HSA) are an excellent retirement tool, many people still don’t know about them or take advantage of them, according to CBS Moneywatch in “Many savers missing out on the HSA’s benefits for retirement“. One strength of […]
The market may be ready for an adjustment and you and your retirement plan should be as well. We know that sooner or later, there will be a market correction. However, if you are getting anywhere near retirement, you need to be prepared to make adjustments to your retirement plans, according to the Associated Press […]
A proposal is under consideration by the Obama administration that may set new rules for retirement advisors concerning retirement accounts. Many elder law advocates have expressed concern that there is insufficient oversight of retirement advisors that could allow risky investments favoring the advisors over the client. The Hill, in a recent article entitled “Retirement advice […]
Financial planners are not just for rich people. Everyone, no matter where you stand financially, can benefit from the advice and guidance of a qualified financial planner. You have probably received a lot of free financial advice over the years from friends, family and coworkers. But how do you know which advice to follow? It […]
