Do you expect to be the beneficiary of an IRA or retirement plan? Maybe you are in the process of a review of your IRA or retirement plan beneficiaries and want to make good decisions based on current legislation. The rules changed with both the 2019 SECURE Act and the SECURE 2.0 ACT of 2022 […]
WILL YOU INHERIT AN IRA? Read More »
A 529 plan is a tax-advantaged savings plan designed to help pay for education. Originally limited to postsecondary education costs, it was expanded to cover K-12 education in 2017 and apprenticeship programs in 2019. There are two major types of 529 plans – education savings plans and prepaid tuition plans. This update pertains to 529
NEW DISTRIBUTION RULES FOR 529 SAVINGS PLANS Read More »
Just before the end of 2022 the SECURE 2.0 Act of 2022 was signed into law as part of the Consolidated Appropriations Act of 2023. One of the changes included in the Act delays the age for required minimum distributions from IRAs and company retirement plans, and it is likely to impact you in some
REQUIRED MINIMUM DISTRIBUTION (RMD) RULES HAVE CHANGED! Read More »
How much do you know about Valentine’s Day? Let’s see………. Cupid has what name in Greek mythology? About how many roses are sent for Valentine’s Day each year? Who invented the first Valentine’s Day candy box? On average, how many marriage proposals are there on every Valentine’s Day? Letters to Juliet are sent to what
Don’t think about it, just give me your first reaction when you read, “How do you feel about money?” Feel, is the important word! Do you feel scared, remorseful, angry, sad, or hurt? Or perhaps you feel elated, joyful, proud, appreciative, or giving? At a given point in time, you may have felt each one
HOW DO YOU FEEL ABOUT MONEY? Read More »
A friend recently asked me a question about the title of her property. Her divorce was final, and she was in the process of a review of her assets to change the ownership title and/or beneficiaries as needed. I came across an article that gave clear and concise definitions of the various ways to own
PROPERTY OWNERSHIP Read More »
As the holidays pass and I pack away the decorations, slowly work through all the leftovers and special treats, and put my household back to “normal”, I often grow melancholy. Do you? There are so many activities in my family in December. We celebrate six birthdays in addition to Christmas and the calendar is full
WHAT DOES PEACE REALLY MEAN? Read More »
This is the time of year when we are focused on giving. I put together my holiday gift list over a month ago. It is mostly the same as last year but with a few variations. Of course, my immediate family is always included plus a few “out-laws.” With joy I added my partner and
ARE YOU A GIVER OR A RECEIVER? Read More »
As you prepare to celebrate the holidays, what is on your “Things for which to be Thankful” list? Maybe it is food on the table, a roof over your head, or family and friends who love and support you. Maybe it is the ability to shop in stores and dine out once again, or attend
THREE WAYS TO GIVE FINANCIAL THANKS Read More »
Every morning I look forward to The Morning email from The New York Times. An article that ran not long ago struck a chord. It discussed “why economic inequality began soaring in the U.S. four decades ago.” The author, David Leonhardt, began: “If you look at historical data on the U.S. economy, you often notice
WHAT HAPPENED TO THE MIDDLE CLASS? Read More »