Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s vital for most. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance...
Required minimum distributions: You must start taking minimum distributions from 401(k) and traditional IRA accounts when you are 70.5 years old, but you can wait until April 1 of the year after you turn 70.5 to take your first required minimum distribution from your retirement accounts. (Then all subsequent distributions are due by Dec. 31.) Delaying your first required distribution could mean taking two required withdrawals in the same year, potentially increasing your tax burden...
"I always work to put forth my clients’ best interests first. I want to know what’s most important to them and what keeps them up at night. Sometimes in life certain planning may seem too challenging to face, and people may choose to do nothing at all. I will take all this on for my clients and guide them through a process to simplify the steps, so they can see their goals and dreams become a reality."