The new rules regarding Roth catch-up contributions, which were supposed to start in 2024 have been delayed until 2026. What is a catch-up contribution? Catch-up contributions are additional … [Read more...] about IRS delays implementing Roth Catch-up contributions until 2026
Retirement News
Retirement Planning – Health Savings Account (HSA)
Kiplinger published on January 5 an article by Kevin Webb, CFP, about using HSA accounts to fund retirement. Déjà vu: Our July 5, 2016 Blog Discussed this Strategy. When financial advisors … [Read more...] about Retirement Planning – Health Savings Account (HSA)
Medicare Card Scam
Medicare Card Scam Temporary Medicare Card Scam Although you may not be enrolled in Medicare, you may have family members, neighbors or employees who are, and this is important information that … [Read more...] about Medicare Card Scam
The Medicare Coverage Trap
Do not fall into the Medicare coverage trap! Let’s look at a hypothetical situation. You find yourself retiring and your employer has a very good medical plan. Rather than signing up for Medicare … [Read more...] about The Medicare Coverage Trap
CERTIFICATES OF DEPOSIT (CD) IRA ROLLOVERS
Many senior citizens invest in certificates of deposits (CDs) as part of their retirement nest egg. When a CD matures in an IRA account, some seniors will search for the bank that is paying the … [Read more...] about CERTIFICATES OF DEPOSIT (CD) IRA ROLLOVERS
How to Delay Required Minimum Distributions by 15 Years Until Age 85
Most taxpayers understand that they are required to take distributions (RMDs) from their IRAs when they reach age 70 ½. For retirees who did not need the RMDs to meet their budgetary needs, they … [Read more...] about How to Delay Required Minimum Distributions by 15 Years Until Age 85
