We're only a few years removed from the SECURE Act being passed which brought about significant retirement planning changes Now three years late Congress passed SECURE Act in late December and we have another round of changes to process and adjust to We'll cover these provisions over the course of multiple episodes but today we'll focus primarily on another adjustment to the age you have to begin taking required minimum distributions Starting this year the age will move from to which is pretty big news for people that are in their mid-to-late s Here's some of what you'll learn in [... more]

SECURE Act Later RMDs -to-Roth Rollovers and Other Tax Planning Opportunities Congress recently passed SECURE Act which will bring several changes to retirement account rules Peter Richon with Richon Planning and Erin Kennedy break down the big takeaways including some unique opportunities including -RMD Age Increase -QCDs Will Be Expanded - Plans These changes however will make proactive tax planning even more important Keep in mind when you delay those Required Minimum Distributions it will lead to larger account balances at death which could create a significant tax burden for your beneficiaries If you'd like to talk through these changes [... more]

When you retire your life goes through a huge season of change especially when it comes to your finances The recently passed Secure Act adjusted how this season can go for you and your income The most notable adjustment comes to RMDs or Required Minimum Distributions for IRAs and k s The required start age for these has now been pushed back to from While this could be considered a tax break by some it is really important to look at this from a larger standpoint including how you want to pay taxes and leave money for your family Hans [... more]