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required minimum distributions (RMDs)

Stay on Top of RMD Rule Changes for 2020
required minimum distributions (RMDs)

Stay on Top of RMD Rule Changes for 2020

Between the SECURE Act and the CARES Act, the landscape has changed for RMDs this year. You don’t need to take one, for instance. And if you already h…
June 29, 2020
Retirees Get Another Break with Expansion of RMD Waiver
required minimum distributions (RMDs)

Retirees Get Another Break with Expansion of RMD Waiver

The CARES Act cancelled "required minimum distributions" for 2020...and the IRS just expanded that relief to help more seniors and give more time to u…
June 24, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
tax law

Tax Changes and Key Amounts for the 2020 Tax Year

Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020
Calculate Your Required Minimum Distribution From IRAs
required minimum distributions (RMDs)

Calculate Your Required Minimum Distribution From IRAs

RMDs are suspended for 2020. This helps seniors protect retirement savings affected by the coronavirus-induced economic meltdown. But even if you're n…
June 18, 2020
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Why 2020 Is an 'Unprecedented Opportunity' for a Roth IRA Conversion
retirement

Why 2020 Is an 'Unprecedented Opportunity' for a Roth IRA Conversion

Tax advisors say you can reduce your tax bill by 30% to 40% in this unprecedented time.
June 17, 2020

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RMD Waiver + Stimulus Check = Tax Credit
retirement

RMD Waiver + Stimulus Check = Tax Credit

For seniors who got a stimulus check of less than $1,200, not having to take a required minimum distribution from their retirement accounts this year …
June 6, 2020
10 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

10 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
May 1, 2020
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13 Financial Moves to Make After Losing a Spouse
retirement

13 Financial Moves to Make After Losing a Spouse

Nothing upends your world like the death of a spouse, leaving you at a loss for what to do next.
April 29, 2020
Review Your Retirement Plan to Consider SECURE Act Changes
retirement

Review Your Retirement Plan to Consider SECURE Act Changes

If you've been putting off learning about the effect on your retirement this new law holds, here's a quick wrap-up of what's new.
April 24, 2020
5 Ways This Recession Hits Retirees Particularly Hard
Retirement

5 Ways This Recession Hits Retirees Particularly Hard

April 15, 2020
IRS Provides Additional RMD Relief for Retirees
required minimum distributions (RMDs)

IRS Provides Additional RMD Relief for Retirees

Some seniors who withdrew money from a retirement account in 2020 before RMDs were suspended for the year can still roll the money back into an IRA.
April 10, 2020
5 Ways Retirees Can Play Defense With Retirement Portfolios
retirement

5 Ways Retirees Can Play Defense With Retirement Portfolios

All this market volatility might unnerve investors of any age—but particularly those just entering retirement.
April 8, 2020
The Deadline for Your First RMD Is April 1
retirement

The Deadline for Your First RMD Is April 1

Time is running out if you turned 70½ in 2019 and haven't yet withdrawn funds from your retirement account.
April 6, 2020
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How Much Can You Contribute to a Traditional IRA for 2019?
IRAs

How Much Can You Contribute to a Traditional IRA for 2019?

The IRA contribution limit is $6,000 for 2019. If you are age 50 or over, you can contribute an extra $1,000 as a catch-up contribution.
April 4, 2020
Retirees, Build a Financial Plan That’s Based on You
retirement

Retirees, Build a Financial Plan That’s Based on You

Financial life planning helps retirees identify their core values and connect them with their financial decisions and life goals.
April 2, 2020
Retirees, Pick the Perfect Financial Planner
retirement

Retirees, Pick the Perfect Financial Planner

When you’re trying to get a handle on your money, from investments and savings to figuring out retirement and preparing for your future, you might nee…
April 1, 2020
Are You Feeling SECURE about Retirement?
retirement

Are You Feeling SECURE about Retirement?

The SECURE Act has changed a lot of the retirement rules we’ve been living by for years. Take a look at the most significant changes and see how you m…
April 1, 2020
11 Ways the CARES Act and Other Government Measures Could Help You in 2020
unemployment

11 Ways the CARES Act and Other Government Measures Could Help You in 2020

Hopefully, the CARES Act and other coronavirus stimulus measures will get the U.S. economy back on track. Some of the changes made could improve your …
March 31, 2020
A Hidden Benefit of the Coronavirus Stimulus Bill: You Can Wait to Take Your RMD
required minimum distributions (RMDs)

A Hidden Benefit of the Coronavirus Stimulus Bill: You Can Wait to Take Your RMD

Legislation is expected to waive required minimum distributions from retirement savings accounts for 2020.
March 30, 2020
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11 Coronavirus Stimulus Measures That Could Help You in 2020
taxes

11 Coronavirus Stimulus Measures That Could Help You in 2020

The coronavirus (COVID-19) outbreak is crushing the U.S.
March 26, 2020
SECURE Act Basics: What Everyone Should Know
retirement

SECURE Act Basics: What Everyone Should Know

The rules on retirement have recently been rewritten. Here are the biggest changes and how they could affect you.
March 24, 2020
The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
taxes

The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement

If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
March 23, 2020
A Penalty-Free Route To Tap an IRA
retirement

A Penalty-Free Route To Tap an IRA

The SEPP strategy lets IRA owners avoid the early-withdrawal penalty by taking equal payments for at least five years or until the owner turns 59½.
March 6, 2020
Alternate Strategies for Stretch IRA
retirement

Alternate Strategies for Stretch IRA

There are still moves that IRA owners can make to help ease the transfer of their legacy to their chosen beneficiaries and save some money from the ta…
March 3, 2020
10 Ways the SECURE Act Will Impact Your Retirement Savings
retirement

10 Ways the SECURE Act Will Impact Your Retirement Savings

With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement.
February 28, 2020