Facebook

Required Minimum Distributions from IRAs and 401(k) accounts

Required Minimum Distributions (RMDs) are calculated differently for distributions from multiple IRAs and multiple 401(k) plans. If you have more than one traditional IRA, the RMDs are calculated separately for each IRA but can be withdrawn from any of your accounts.  However, if you have multiple 401(k) accounts, the RMD must be calculated for each…

Skippiing mandatory RMDs… the details

Skipping a mandatory distribution from your IRA? Everything you need to know Wed, Apr 8 2020 by Darla Mercado “This year, the coronavirus relief law is letting savers bypass mandatory withdrawals from their retirement accounts.”  The one-year reprieve enables those who can afford to leave the money invested a better chance of recovering losses. Key…

To ease stock-turmoil jitters, try these strategies

Writing for The Wall Street Journal (3/9/20), Anne Tergesen interviewed Dr. Wade Pfau, a leading investing researcher and professor at the American College of Financial Services. For investors far from retirement, there is no need to panic but now is a good time to review your asset allocation. But for those nearing or in retirement,…