From Stretch to Compressed: How the 10-Year Rule Is Transforming Inherited IRA Planning
The SECURE Act 2.0 legislation introduced significant changes to the required minimum distribution (RMD) rules for Inherited IRA accounts, particularly the 10-year distribution rule. As a financial planner, I've observed that these evolving regulations have been challenging for both professionals and clients to navigate.
Thinking Through A Taxable Brokerage Account Titling for Married Spouses with Large Age Differences
In today's post, we'll explore a specific planning consideration that arises for married couples with a significant age gap between spouses. We'll discuss why, in some cases, holding highly appreciated investments in individual or jointly owned taxable accounts might be preferable to simplifying account structures.
Do We Undervalue Financial Flexibility Too Much?
The Wall Street Journal published an article this morning by Jonathan Clements, a financial writer I've long followed. Sadly, Clements is facing a terminal cancer diagnosis, and his article offers insights into personal finance management during life's most challenging moments. One particular line struck me:
IRMAA and Medicare: Unmasking the Scary Surcharge for Retirees
Many retirees are unfamiliar with this spooky feature of Medicare, and today I aim to shed some light on this surcharge. While paying extra for Medicare isn't pleasant, our goal is to ensure you're not avoiding important financial planning that could trigger an IRMAA surcharge but prove highly beneficial in the long run.
Social Security's 2025 Adjustments: What Retirees Need to Know
In today's post, I'll share how I review the annual Fact Sheet release and what these adjustments mean for the financial planning I do with retiree clients. These adjustments are crucial for retirees as they directly impact their income and financial stability in retirement.