by Ramdas | Jan 6, 2023 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Secure Act 2.0 has officially become a law. The Act has some serious consequences for retirement accounts. Below are some key takeaways: Change in RMD Age: The Secure Act of 2019 previously changed the required minimum distribution age from 70 ½ to 72. Secure Act 2.0...
by Ramdas | Mar 25, 2022 | Finance Friday, Financial Planning, Retiring
New Regulations on Inherited IRAs The SECURE Act of 2019 ushered in a new set of rules for traditional IRA beneficiaries, specifically non-spousal beneficiaries. In the SECURE Act, non-spousal designated beneficiaries that inherited a traditional IRA on or after...
by Ramdas | Feb 25, 2022 | Finance Friday, Financial Planning, Individuals Articles, Retiring
When someone dies, their assets are eventually transferred to beneficiaries. Those beneficiaries are typically listed in the decedent’s will, but sometimes they are specifically titled on an account. For certain assets, titling not only eases the pain of distributing...
by Ramdas | Nov 29, 2021 | Finance Friday, Financial Planning, Individuals Articles, Retiring, Tax Articles
While most of us think 2020 was just the other day, the reality is 2021 is coming to an end and 2022 is just around the corner. As we go into Holiday mode, it’s important to do a year end financial check list to make sure you are on track for the remainder of the...
by Ramdas | Aug 20, 2021 | Financial Planning, Individuals Articles, Retiring
When it comes to retirement planning an IRA (Individual Retirement Account) adds value to your nest egg. When strategizing an IRA, there are different options to choose from, along with different tax consequences when you contribute and withdraw the funds. Below...
by Ramdas | Jul 23, 2021 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Let’s face it – each of us is going to die one day and we need to plan for the inevitable. Many of us currently do have an inadequate amount of life insurance coverage. Below are five very good reasons to obtain appropriate life insurance coverage: Life insurance...
