Retirement Watch Weekly
Will These Estate Plan Changes Affect Your Retirement?
Fellow Investor, There are four basic strategies for reducing estate taxes: Reducing assets from the gross estate Removing future appreciation from the gross estate Increasing deductions Buying life insurance Within those four strategies are many options. Not all will be appropriate for you. But there are quite a few strategies – and it’s always good […]
The Seven Best 2021 Tax-Saving Ideas for Retirees and Pre-Retirees
In my new Retirement Watch Spotlight Series, I’ll share my newest breakthrough strategies for protecting your assets and growing your portfolio, including how to prepare for the next market downturn. Click here now to learn more. […]
Bob’s Journal for 8/12/21
Consumer, Business Spending Strong and Likely to Remain Strong Recent reports showed household spending has been strong, but it might be stronger and more sustainable than the data show. Household spending, as measured by the Personal Consumption Expenditures report, rose by 1% in June and was well above the pre-pandemic spending level. Some economists expect […]
How To Use Health Savings Accounts (HSAs) To Power Your Retirement Plan
The number of health savings accounts (HSAs) is soaring. Yet most account holders fail to take full advantage of the retirement planning power of HSAs. There were more than 30 million health savings accounts holding about $82.2 billion at the end of 2020, according to an estimate from Devenir, a firm that offers investment services […]
What Is the Age For Required Minimum Distribution in 2020 and Later Years?
The age at which required minimum distributions (RMDs) must be taken from qualified retirement plans was changed in a 2019 law. The beginning age was changed from 70½ to 72. The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax deferral of an IRA or other qualified retirement […]
What Percent Is the Required Minimum Distribution?
The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax deferral of an IRA or other qualified retirement plan. The RMD rules dictate when distributions must be made from the retirement plans of certain taxpayers. The percentage of the retirement account that must be distributed each year is […]
How Much Is the Required Minimum Distribution From 401(k)?
The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax deferral of a qualified retirement plan. The RMD rules dictate when distributions must be made from the retirement plans of certain taxpayers. The RMD rules apply to all qualified retirement plans, including traditional IRAs and 401(k)s. But the […]
How Much Is the Required Minimum Distribution?
The required minimum distribution from a qualified retirement plan varies from year to year. The amount depends on the age of the account owner or beneficiary and the account balance. What Is the Required Minimum Distribution? The required minimum distribution (RMD) rules limit the extent to which an individual can use the tax deferral of […]
