You’ve grown tired of commuting to a job where you sit in a cubicle and do someone else1s bidding.
On July 1, 2014, the IRS released the Final Regulations for “qualifying longevity annuity contracts” (QLACs). Thanks to these regulations, you will now be able to purchase certain annuity contracts that can be excluded from the fair market value you use to calculate your required minimum distribution (RMD). Ultimately, the purpose of the regulations is to make it easier to invest … Read More
Inflation is defined as the increase in the price of products over time. Inflation rates have historically fluctuated over the years. Sometimes inflation runs high, and other times it is hardly noticeable. The short-term changes aren’t the real issue. The real issue is the effects of long-term inflation. Over the long term, inflation erodes the purchasing power of your income … Read More
A required minimum distribution (RMD) is the annual amount of money that must be taken from a qualified retirement plan, such as an IRA, SEP, 401k or any other employer sponsored plan. This distribution has to be taken no later than April 1st of the year following the account owners turns 70½ birthdate. This rule is a bit tricky though, … Read More