IRS PROPOSES UPDATED LIFE EXPECTANCY TABLES FOR 2021

This November, the IRS issued proposed regulations changing the life expectancy tables and distribution period tables for computing the required minimum distribution (RMD). This information is used for owners of retirement accounts and their beneficiaries for inherited accounts, to calculate their withdrawals. Keep in mind, under the SECURE Act, beginning in 2020, the starting age for IRA distributions […]

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Personal Finance 101: What’s the Difference Between a Stockbroker and an Investment Advisor

Thank you to Blank Slate for publishing my recent article, “The Difference Between a Stockbroker and an Investment Advisor.” Far too many people don’t understand that there is a big difference between these two roles. A financial advisor must put their client’s interests first. They are a fiduciary, and have a legal and ethical obligation of primary loyalty to […]

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The SECURE Act – What You Need to Know

While most of Washington is otherwise occupied, seven Republican Senators sent a letter to Senate Majority Leader Mitch McConnell, urging prompt passage of the SECURE Act (Setting Every Community Up for Retirement Enhancement). The SECURE Act passed the House of Representatives with strong bipartisan support in May by a vote of 417 to 3. The […]

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Medicare Continues to Confuse and Confound

With the start of the Medicare enrollment season here, more seniors are finding themselves baffled by an array of choices.  How can you avoid making a mistake that may haunt you for the rest of your life? The launch of the new Medicare Plan Finder will be the only way to discover information about the […]

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