Once you turn 72, you need to start withdrawing money from your retirement accounts. When that time comes, do you know the secrets to managing and actually cutting your retirement tax bill down to size? We do, so we were thrilled to share tax trimming tips with veteran report Sandra Block as she put together […]
Tag Archives | Kiplinger Personal Finance
Start Planning Now For Long-Term Care Needs
More than two-thirds of 65-year-olds will need some type of long-term care in their lifetime, and that care can be extremely costly, writes Rivan Stinson for Kiplinger Personal Finance magazine. Rivan recently interviewed Mari for her in-depth expose on planning for long-term care costs. The first challenge is knowing whether you should buy long-term care […]
Congress Proposes To Raise RMD Age ….. Again
Our clients are just getting used to the idea that they don’t need to start Required Minimum Withdrawals (RMDs) from their IRA and retirement accounts until age 72. And guess what? Congress is at it again. The powerful Ways and Means Committee in the House of Representatives is working on Secure 2.0 (full name – […]
Make Your Home Work Harder For You In Retirement
Thank you to writer Rivan Stinson of Kiplinger Personal Finance for checking in with Mari to talk about how your home can work harder for you in retirement! In most communities, the real estate market has been on fire. You’ve probably been watching your home equity climb to new highs. So how can you tap […]
It’s Time To Fund Your IRAs!
We’re getting closer to the April 15 deadline for funding your IRAs or Roth IRAs for 2020 (that’s last year). Mari Adam talked to Kiplinger Personal Finance magazine to share insights about IRA limits and strategies. You can read the entire article here. The maximum amount you can contribute to your IRA for 2020 is $6,000 or […]
Which States Have The Lowest Taxes In Retirement?
Looking for the most tax-friendly state to settle in at retirement? Or seeking to compare two possible destinations to see which offers the lowest tax bill? You may be able to save hours of research by looking first at Kiplinger’s updated Retiree Tax Map. It analyzes each state’s income tax, property tax, and even sales […]
Quote Of The Week: COVID Creates Haves And Have-Nots
“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]
Quote Of The Week: What Low Interest Rates Mean For You
The Federal Reserve has pushed interest rates to new lows to fight COVID-19. How do these historically low rates affect your wallet? “Good news, bad news. Borrowers will benefit from the low-rate environment. The 30-year fixed mortgage rate is likely to remain below 4% for the foreseeable future. Auto, home-equity and other consumer loan rates will […]
Take A Retirement Test Drive
Getting ready for retirement? Some people prefer to make an abrupt transition into retirement. One day they’re working, the next day they’re done forever. Others like to ease into it and kick the tires first. We talked to financial writer Alina Tugend of Kiplinger’s Personal Finance about the pros and con of taking a retirement […]
Making Gifts To Charity? Here’s How To Maximize Those Tax Benefits
Making gifts to charity? Giving is good, but getting tax benefits when you give is even better. Due to changes in the tax law, it’s now harder for most people to get a tax deduction when they give to charity. But that’s no reason to stop giving. We’ve got the perfect solution – a Qualified […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ has helped hundreds of individuals and families build wealth and plan for a more secure financial future for over 30 years. Her advice has appeared in publications such as Wall Street Journal, Kiplinger’s, Money Magazine, Business Week, and CBS MarketWatch.
