I am a financial planner, educator, speaker, and tax and retirement super-nerd; the type of person who actually enjoys reading through the Tax Code. My passion is to take the complex, boring and mundane, and transform it into witty, straightforward and actionable information so
3 Reasons The New RMD Tables For 2022 (And Beyond) Are Overrated
On November 7, 2019, the IRS proposed doing something that it had not done in nearly two decades…update the life expectancy tables used to calculate required minimum distributions by IRA, 401(k), other retirement account owners and many beneficiaries.
Can Congress Really Increase Taxes Retroactively?
In somewhat of a surprise, the budget request assumes that the proposed capital-gains-related changes would be enacted retroactive to April 2021, which would effectively render a lot of the planning that could otherwise be done from now through the end of 2021 (when presumably the changes would o...
IRS Proposes Lowering Required Minimum Distributions For IRA (And Other Retirement Account) Owners And Beneficiaries
Newly proposed RMD rules for IRAs will most likely benefit the wealthy.
How The SECURE Act Favors Retirement Savers Born In The First Half Of The Year
One change proposed by the SECURE Act is changing the starting age for required minimum distributions from 70 ½ to 72. Interestingly, this change would help those with birthdays within the first half of the year more than for those with birthdays later in the year.
3 Lies People Tell Themselves About Estate Planning
To delay or get out of estate planning, people tell themselves all sorts of lies. Here are three lies people frequently tell themselves to delay, or avoid estate planning altogether. In your natural tendency to want to avoid contemplating your own demise, don’t convince yourself that they’re true.