What you need to know about RMDs in 2018.
Required Minimum Distributions If you are 70 ½ in 2018 and have an IRA, you must take your “required minimum distribution” (RMD) by year-end. Your RMD is calculated by dividing your IRA balance [...]
Required Minimum Distributions If you are 70 ½ in 2018 and have an IRA, you must take your “required minimum distribution” (RMD) by year-end. Your RMD is calculated by dividing your IRA balance [...]
Some topics are difficult to discuss. The cost of long term care (LTC) is certainly one of them. We encourage you to take a moment and contemplate the information in this important post. Elder [...]
POWERS OF ATTORNEY – A REVIEW At Strategic Wealth Planning, we deal with powers of attorney on a daily basis. In looking for topics that are relevant to our clients, we thought it [...]
A large part of your nest egg is probably vested in an IRA or 401k. At your death, the proceeds from your retirement plan will pass to your named beneficiary(ies) outside your will. In [...]
FINRA Rule 2165, known officially as the “Financial Exploitation of Specified Adults” but known commonly as the “Financial Exploitation of Seniors Act”, goes into effect February 5, 2018. Here are 3 important facts [...]
On January 1, 2018, the exclusion from Federal transfer at death taxes a/k/a “Death Taxes” increased from $5.3 million to $11.18 million per person. Due to this increase, only approximate 1800 deceased persons [...]
Building an investment portfolio to withstand the unknown. Don't listen to market prognosticators; no one can tell the future. Market opinions are ubiquitous and, unfortunately, many are broadcast with the intention of profiting [...]
A 2006 study at Indiana State University (McCormick and Godsted: “Learning your Monetary ABCs”) concludes that teaching financial skills to young children is just as important as the teaching of reading and math. [...]