SECURE Act – Plan Withdrawals for Birth or Adoption

The SECURE act was signed into law on December 20, 2019.  There are some key provisions that may have an impact on your retirement strategy.  Let’s focus on the provision of dealing with plan withdrawals for birth or adoption. OLD LAW – Generally, distributions from a qualified retirement plan, 403(b) plan, 457(b) plan, or IRA… Read More

SECURE Act – Increased Required Beginning Date

The SECURE act was signed into law on December 20, 2019.  There are some key provisions that may have an impact on your retirement strategy.  Let’s focus on the increased required beginning date.  This applies to Required Minimum Distributions (RMD). OLD LAW – RMDs generally must begin by April 1 of the calendar year following… Read More

SECURE Act – “Stretch” RMD

The SECURE act was signed into law on December 20, 2019.  There are some key provisions that may have an impact on your retirement strategy.  Let’s focus on the Required Minimum Distributions, or RMDs, rule for designated beneficiaries. OLD LAW – After death, RMD rules permit the designated beneficiary to draw down the remaining plan… Read More

Protect Your Aging Loved Ones from Elder Financial Abuse

As technology exponentially grows, so does the chance of being financially exploited.  Unfortunately, we are becoming more familiar with the notion of financial abuse targeting elders – scams and other exploitation targeting the savings of people aged 60 and older.  We like to think “it won’t happen to my family” or “my relative is too… Read More

Should You Systematically Withdrawal in Retirement?

Some retirees wish they could simplify money management. Estimating investment income, annual retirement plan distributions, and quarterly taxes can be a chore.  This is why some retirees choose to make systematic withdrawals.  Just as they contributed a set amount per month to their retirement accounts while working, they now withdraw a set amount from their… Read More