Congress allowed people to suspend taking required minimum distributions as part of COVID-19 relief, but since 2021, RMDs are back on. Here’s how to avoid aggressive penalties for taking out…
Tag: financial advisor
Is the Threat of Recession Threatening Your Retirement?
If you’re worried about your retirement savings during a recession, don’t panic. A smart strategy can help you weather the storm and make sure that when—and if—the economy improves, your…
Child-Free Retirement Planning 101
According to the AARP, more than 20% of retirees by 2040 will not have children. There is a growing population of people who do not have any children, and more…
Retirement Hacks for Those in Their 60s
Retirement planning at any age can be complex. Still, there are certain steps to take when you’re in your 60s and beyond to make sure you’re ready to live those…
Reverse Mortgages and Retirement Income Planning.
A reverse mortgage loan, like a traditional mortgage, allows homeowners to borrow money using their home as security for the loan. But is a reverse mortgage the right tool for retirement planning?…
Does Divorce Affect Retirement?
When it comes to planning for retirement, divorce presents some unique challenges. Going through a divorce is emotionally challenging, but it doesn’t have to derail your financial future. By taking…