Tag Archives | retirement
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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 – […]

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Dwyane Wade’s Smart Moves To Manage His Money

Dwyane Wade may have made more than $196 million during his NBA career with the Miami Heat and other teams, but he still sticks to a budget. The media is full of stories about celebrities and pro athletes who can’t handle their money, so Wade’s experience shows us it doesn’t have to be that way. […]

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Quote Of The Week: Making A Successful Transition To Retirement

What’s involved in making a successful transition to retirement? You would think it’s mainly about money, but you would be wrong, says author and columnist Robert Laura, who specializes in retirement issues. Money considerations only come into play at the end, says Laura. Your financial wellness and happiness depend much more on staying active, connected, […]

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An Extra Month To Finish Your 2020 Taxes: Tax Deadline Postponed From April 15 to May 17, 2021

As baseball great Yogi Berra reportedly said, “It’s deja vu all over again.” In a repeat from last year, the IRS just announced it’s postponing the federal income tax deadline from April 15 to Monday, May 17, 2021 to give tax preparers and taxpayers extra time to absorb the new tax regulations contained in the […]

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Yes, You Can Still Build Wealth After 50

Congratulations! If you just turned 50, you’re in the final stretch toward retirement. With today’s longer life expectancies, you may spend thirty years or even more in retirement living off of your savings. So don’t rest on your laurels just yet. Take advantage of the next decade or so before you retire to build up […]

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5 Things You Need to Know About RMDs for 2021

Summary If you are retired or nearing retirement, you’ve undoubtedly heard about required minimum distributions, which are the minimum amounts you must withdraw from your individual retirement account (IRA) and other retirement accounts, like your 401(k). It’s the government’s way of making you cash in a portion of your retirement savings each year, helping to […]

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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 […]

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What It Costs To Retire Comfortably In Every State

Wondering whether it makes sense for you to relocate when you retire? Many clients dream about moving to a place where the pace is slower, taxes are lower, and the family is closer. Reporters at 24/7 Wall Street and USA Today looked at how far your dollars will stretch in each state. Generally, they conclude, […]

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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 […]

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Ready For A Side Hustle In Your 60s?

It may not be the age they thought they would be starting a new career, but more workers in their 60s are signing up for part-time or non-traditional gigs to earn a few extra bucks. So how exactly did pre-retirees join their millennial colleagues in perfecting the art of the side hustle? Like the saying […]

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