Changes to Required Minimum Distribution Rules

With the passage of the SECURE Act in December 2019, current and future retirees can expect to see significant changes which are likely to impact their tax planning for retirement. Most notably, perhaps, is the increase in the Required Minimum Distribution (RMD) age from 70 ½ to 72. For affluent retirees - and soon-to-be retirees - affected by the new RMD age, both the increase in the RMD age and the proposed new life expectancy tables on which individual RMDs are based are a bit of a double-edged sword. Since annual RMDs are simply a calculation of the total amounts…
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To Work Or Not To Work In Retirement. That Is The Question.

The retirement age of 65 was chosen for Social Security at a time when the average life expectancy was 67. Overall, life expectancy has trended up since then, so it should come as no surprise that 9 million Americans over age 65 now work either full time or part time. (more…)
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The Good and Bad of Retiring Early 

When it comes to retiring early, some of the benefits are obvious. You get to live your life without the constraints of work, and you are able to pursue your own interests. But there are other good reasons for retiring early, and there are some reasons why retiring early is not the greatest idea. (more…)
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Money Conversation with Your Kids

Planning for retirement sometimes is filled with numerous preparations.  One step at a time you put your life and your finances in order so that the remainder of your years are spent enjoying the lifestyle and security you have worked so hard to achieve. (more…)
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