In a companion post, I discussed four major changes resulting from the passage of the SECURE Act and strategies to manage them (Top 4 SECURE Act Changes That May Impact You and How To Plan For Them found here). In this post, I will discuss the new class of retirement plan beneficiaries called Eligible Designated […]

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The newly enacted CARES Act has suspended Required Minimum Distributions (RMDs) from retirement accounts for 2020, including inherited retirement accounts. This measure will provide some financial relief to those who do not need to take withdrawals from retirement accounts while the account values are low. RMDs are calculated using the account holder’s life expectancy and […]

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Behavioral finance is a relatively new but growing field of study that applies behavioral psychology to economic decisions to help understand why rational people can often make irrational decisions when it comes to money and investing. DALBAR, a leading financial research firm, produces an annual report comparing stock market returns with average investor returns. Their […]

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In the hustle and bustle of every day family life, it can be difficult to see beyond the present and prepare for the future.  Often important actions that each family should take fall to the wayside as the days are crammed with work, school, sports, and household duties.  In Five Things Every Young Family Should […]

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As the end of the year approaches and the exciting frenzy of the holiday season commences, don’t forget to set aside some time to review these financial moves you should make before the end of 2016. 1) Deplete your FSA:  If you have been depositing pre-tax funds to a Medical or Dependent Care Flexible Savings […]

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When we think about sending children off to college, the first thing that comes to mind is “how much will it cost.”  Unfortunately, the kids are thinking about roommates, friends and parties! There are some key considerations it is important not to overlook during the first few weeks of college: Help your child start off […]

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5 Tax Moves to Consider Before April 18th Even though we are a few months into 2016, it is not too late to save on your 2015 taxes or increase the amount of tax-free or tax deferred savings you are making.  As you are compiling your tax information and meeting with your tax professional, please […]

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Popular Social Security Claiming Strategies are being eliminated The Bipartisan Budget Act of 2015 included a section titled “Closure of Unintended Loopholes,” which has eliminated the popular Social Security maximization strategies of filing and then immediately suspending social security benefits and filing a restricted application for spousal benefits only. Why would Congress close the loophole?  […]

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More women are working and taking charge of their own retirement planning than ever before. What does retirement mean to you? Do you dream of traveling? Pursuing a hobby? Volunteering your time, or starting a new career or business? Simply enjoying more time with your grandchildren? Whatever your goal, you’ll need a retirement income plan […]

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