Reviewing pandemic changes to required minimum distribution rules

At 72 years old (70 ½ if you turned 70 ½ before January 1, 2020), you are required to withdraw a minimum amount annually from your IRA or retirement plan account. This is known as a Required Minimum Distribution. If you continue working for your employer and are not a 5% owner, you can hold …

Keep Reading

Consider Giving Your 401(k) Plan a Mid-year Check

As we’re now into the second half of 2010, I thought I’d share some advice I read recently in Sunday newspaper.  Charles Schwab is encouraging individuals to perform a mid-year review of their 401(k) investments through the following simple processes: • Rebalance – Rebalancing means adjusting the allocations to the funds in your account back to …

Keep Reading