Required Minimum Distribution

IRA/401K/403b – Required Minimum Distribution Rules

When must RMD’s begin? Born after June 30, 1949, you can delay required minimum distribution until the year you reach age 72. (You can postpone your first RMD until April 1st of the year thereafter, however you’ll need to take 2 RMD’s that year. Born prior to June 30, 1949 you are required to take […]

Stimulus 2.0 is Here! / China- Important? / Happy New Year!

Stimulus 2.0 is here China- Important? Happy New Year Finally, after months of debate, Stimulus 2.0 is ready to go.  Stimulus checks should be in process rather quickly. The stimulus includes $600 checks to eligible individuals, expansion of the Paycheck Protection Program for small businesses, Medical Expense Deduction hurdle made permanent, Charitable Contributions, Flexible Spending […]

Vaccine News!

Vaccine News Propelling Markets! The popular consensus is that former Vice-President Biden is the president-elect and the republicans will hold the Senate leaving a split congress.  Most market forecasters believe this is a perfect cocktail for more stock market gains. Now, both Pfizer and Moderna have vaccines that look to be over 90% effective.  The […]

Millennials/Markets/RMD Relief Expands!

For many years the Baby-Boomer generation drove the overall US economy.  When Boomers purchased minivans and SUV’s, sales BOOMED!  Whatever Boomers wanted, they purchased, and the markets along with the economy responded.  Do you recall the Real Estate Bubble?? Now, a new leader has emerged… Millennials! Millennials were born between 1982 and 2000; currently range […]

Our New “Normal”…

Practically all of us have been impacted in one way or another over the last month.  We ARE certainly in this together.  Hang in there, as we WILL get through this! What is now being highly debated?: When will new cases and deaths from this virus peak then drop? Will there be a re-occurrence of […]

Everything you need to know about the CARES Act!

This week’s blog explains how the CARES Act will impact the vast majority of our clients and blog subscribers.  I have spent several hours over the weekend reviewing this information. The 2 Trillion Dollar CARES Act is equal to 10% of the United States GDP in a “normal year”.  This is a ton of money […]

Confused on the Secure Act? Read this!

SECURE Act is Official! “Setting Every Community Up for Retirement Enhancement” After months of speculation the SECURE Act is now official.  There are several parts to the SECURE Act; however I will summarize the main provisions that will impact our clients, prospective clients and additional blog readers. Required Minimum Distributions (RMD’s) Prior to the SECURE […]

Markets, Iran, and the Secure Act!

Markets Flat in the Short New Year’s Week & Geopolitical Tension Rising!  Welcome to Year 2020!  This promises to be an exciting year based upon what may transpire with our 2020 Presidential Election and the campaigning over the next 11 months. Typically I do not discuss politics in our blogs, however with the feeling that political […]

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