WEEKLY QUOTE“I’ve failed over and over and over again in my life, and that is why I succeed.”- Michael Jordan WEEKLY TIP If your business is past its inception stage, it isn’t too early to think about an exit strategy. You want to tackle this task...
A reminder about mandatory withdrawals from IRAs & other retirement plans. Just what is an RMD? After you turn 70½, the IRS requires you to withdraw some of the money in most retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 You...
A summary of what you need to know. Medicare Open Enrollment has arrived. The open enrollment period for 2014 runs from October 15-December 7, 2013. This is not only a period where you may enroll for the program, but also switch providers for your comprehensive health...
Their combined power must be recognized & appreciated. Why reroute dividends back into your investments? Isn’t taking the income the preferred outcome when a dividend is produced? Retirees and pre-retirees are eager for dividend income in this era of historically low interest rates. Even so, the choice...
Rules changes for IRAs, 401(k)s & other savings vehicles. The IRS has made minor adjustments to retirement plan limitations for 2014. As inflation has been tame in 2013, these COLAs aren’t dramatic; as a result, some retirement plans won’t see any next year. Here is a...
Where is everything? Time to organize and centralize your documents. Before retirement begins, gather what you need. Put as much documentation as you can in one place, for you and those you love. It could be a password-protected online vault; it could be a file cabinet;...
In the coming years, many Americans will face the challenge. 70% of people currently over age 65 will require some long term care someday. That is the estimate of the U.S. Administration on Aging, a division of the U.S. Department of Health & Human Services.1 Will...
A look at the economist newly nominated to lead the Federal Reserve. Janet Yellen – currently the vice chair of the Board of Governors of the Federal Reserve – has been nominated to succeed Ben Bernanke at the helm of the world’s most important central bank....
WEEKLY QUOTE“It is our choices that show what we truly are, far more than our abilities.” - J.K. Rowling WEEKLY TIP A retirement plan isn’t simply about reaching a number. As you get closer to your savings goals, keep your life goals front and center. WEEKLY RIDDLE If there are...
Financially, there are reasons why you may want to work a bit longer. The case for working past 65. Increasingly, baby boomers are urged to work until full retirement age or beyond. (Social Security defines “full” retirement age as 66 for those born from 1943-1954; it...