Have you ever wondered what happens to your old retirement accounts when you switch jobs? If you’ve lost track of a 401(k) or another retirement plan, you’re not alone. Job changes, mergers,…
Category: Retirement
Should You Start Collecting Social Security at 62? Here’s the Math You Need to Know
One of the biggest questions people face as they approach retirement is when to start taking Social Security benefits. The options can be confusing: you can start as early as age 62,…
How the SECURE Act Changed the Rules for Inherited Retirement Account Distributions After 2019
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, introduced a wide range of reforms aimed at improving access to retirement savings and updating outdated policies. One…
Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity
The Internal Revenue Service (IRS) is reminding individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each year. These transfers, known as…
Understanding Social Security spouse benefits
When you’re planning for retirement, it is essential to consider how your Social Security benefits will impact your spouse. Here’s a simplified breakdown: Spousal Benefit Basics: You can find out more by…