Required Minimum Distributions
In 2020, because of a provision in one of the COVID relief bills, you didn’t need to take your RMD. Not so this year (2021). The regular rule has returned and, for many investors the RMD is big.
President Biden's Infrastructure Bill
This infrastructure bill should also create numerous jobs in many parts of the country. Projects ranging from replacing lead pipes in water systems and repairs to bridges will now move from the planning stages to actual physical improvements
2021: Year of the Roth conversion
Roth conversions have been around for years but many investors take a pass when they see how much tax they’ll have to pay to do a conversion. This year may change all that. With tax rates likely headed higher soon, the benefit of converting your IRA to a Roth now may pay off in the long run.
Over 50? You may be eligible for a Catch-Up contribution
Catch-up contributions can be a great way to make up for lost time when it comes to retirement savings. Are you eligible?
Maximizing Social Security benefit
The Greatest Gift You Can Give Your Spouse
Their financial goals were like many I sit down with. They wanted a comfortable retirement where they could both stop working and do a little volunteer work. Felicity also toyed with the idea of starting a small business. For them, retirement meant some annual travel (until they were no longer able), doing some hiking, and visiting their kids. Since they were both in good health and with a desired retirement age of around 65, that meant they could be around for 30 + years.