Category RMD

Required Minimum Distributions – What You Need To Know

Many types of retirement accounts offer enormous tax advantages.  For example, if you make contributions to an IRA or 401k, you may be able to deduct those contributions (i.e., not pay income taxes on the income you use to fund those accounts) now — and, instead, let the money grow — with no taxes due […]

FINRA warns about 401(k) Rollovers – Let’s talk again about conflicts of interest!

  FINRA, the Financial Industry Regulatory Authority, is the securities industry’s self-reglatory organization.  They do the various test, deal with broker and advisor registration and monitoring, etc. And FINRA has recently started cracking down on advisors and brokers who are giving questionable advice to investors about how to deal with their 401(k)s and rollovers.  In […]

The 4% rule and its failings

The 4% rule and its failings There are plenty of articles about shortcomings of the 4% rule – which is still a great *starting point* if not a real plan. The WSJ brings up a few alternatives to help overcome the problems with the 4% rule: http://online.wsj.com/article/SB10001424127887324162304578304491492559684.html?mod=googlenews_wsj   Some of the adjustments/alternatives discussed: (1) using […]

Making tax-free transfers from your IRA to a charity

In 2011, there was a provision in the law which allowed one to make direct transfers from one’s IRA to a charity.  By doing so, one could satisfy his RMD requirements while avoiding paying taxes on that transfer.  Moreover, it was a better tax break than if you’d taken the distribution in cash (taxable income, […]

Year-End Deadlines

While we recommend planning and managing your finances all year long – this is a process, not a singular task – there are a few deadlines which come up at year-end which cannot be ignored.  Some of them represent potential missed opportunities, while at least one of them represents something that if you don’t do […]