The SECURE Act introduced several changes to retirement accounts, but perhaps one of the most relevant for many people is the elimination of the “stretch IRA.”
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The 2019 Setting Every Community Up for Retirement (SECURE) Act made significant changes in the way retirement accounts are handled, including the distribution requirements for tax-deferred IRAs and 401(k)s owned by the original contributor.
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The disaster-related postponement of the tax deadline from April 15 to July 15 has required that the IRS pay out interest on tax refunds, and those payments are starting to go out.
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A client’s 30-year term life insurance policy allows for a 20-year, guaranteed initial premium. But starting in Year 21, those premiums will become so exorbitant that the policy will collapse.
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People are living longer and better than at any other time in history. When long-term care is needed, costs can quickly add up. Protecting the quality of an individual’s life along with any desired legacy can become challenging. This article presents three types of strategies to consider when planning for the possibility of long-term care needs.
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Can you forgo taking your 2020 RMD? Learn more about the Coronavirus Aid, Relief, and Economic Security (CARES) Act and how it affects your Required Minimum Distributions (RMDs) for 2020.
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