by Kenny | Mar 24, 2022 | Uncategorized
By Sarah Brenner, JD Director of Retirement Education Question: I established a Roth IRA in 2011 and needed to withdraw $ 30,000 in 2021 to pay for my daughter’s first year of college tuition. I am under 59 1/12 and the 1099-R has a code of J meaning early...
by Kenny | Mar 24, 2022 | Uncategorized
It hasn’t been an easy couple of months for savers. At the height of the pandemic in April 2020, Americans’ personal savings rate – the portion of monthly income that households are socking away – hit a record 33.8%. Now that rate hovers around 6.4%, which is below...
by Kenny | Mar 23, 2022 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Here we go again. In my March 14 Slott Report entry (“Monitoring Concurrent Life Expectancies? – SMH”), I railed against the IRS for a seemingly pointless rule in the new SECURE Act regulations directed at elderly IRA...
by Kenny | Mar 21, 2022 | Uncategorized
By Sarah Brenner, JD Director of Retirement Education It may be hard to believe it but the countdown to the 2021 tax filing deadline is on. The deadline is April 18, 2022, for most filers. That is really only a few weeks away. Time is running out. Is your IRA ready?...
by Kenny | Mar 20, 2022 | Uncategorized
Weekly Market Commentary -3/18/2022 -Darren Leavitt, CFA Global financial markets registered significant gains for the week. Investors continued to watch for any progress on negotiations between Russia and Ukraine. Central bank policy came in as expected, which helped...
