Overview of Traditional and Roth IRAs Required Minimum Distributions (RMDs) The Required Beginning Date (RBD) RMDs and Roth IRAs: Key Differences The Roth IRA 5-Year Rule Tax Implications of RMDs for Retirees Strategies to Manage RMDs and Roth IRA Withdrawals…
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Progress Over Perfection: 4 Areas of Life Where Good Enough Is More Than Enough
Let’s be honest: if you’ve ever reorganized your spice rack instead of tackling your actual to-do list, you might be a perfectionist. (No judgment. We’ve all been there alphabetizing oregano next to onion powder.) We’ve also had that moment of…
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Social Security Changes Ahead: What the End of the Windfall Elimination Provision Means for You
2024 ended with some major changes – one of which was the passing of the Social Security Fairness Act. This bipartisan bill was designed to repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), two rules that…
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Separating Fear from Fact in Market Valuations, Taxes, and Social Security
Remember when we didn’t have access to breaking news every second? We’d wait for the newspaper or the nightly news to get information and then move on with our lives. Now, we are inundated with bulletins and can’t seem to…
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Beyond the Pension: Critical Financial Factors to Ensure a Secure Retirement
For those fortunate enough to still have a pension, making the right decisions about how and when to take it can significantly impact your financial future. However, it’s not just about the pension itself. Factors like the timing of Social…
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The Surprising Reality of Pension Options and Why You Might Want to Consider Annuities
As financial advisors, we’re always prepared for surprises when reviewing pension options for our clients. Let’s look at this example: John Doe has two choices for his pension – a lump-sum payout or a monthly annuity. Initially, many of us…
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Think About This Before You Surrender Your Greatest Asset: Your Income
If retirement is something you’re thinking about sooner rather than later, you know you’ve got some big decisions ahead – the biggest of which is if you’re ready to forego a regular paycheck. One of your most significant assets is…
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