I haven’t really talked about my investments yet because I am focused on debt reduction right now…that will hopefully change soon. Notwithstanding my situation, my younger brother had asked me to set up his “retirement account(s).” He would go crazy if he knew I was writing what I did for him online, but lucky for me… Continue Reading
Category Archives: Qualified/Retirement
Verify your Retirement Account’s Beneficiary
The Supreme Court Has Spoken – Verify the beneficiary on your Retirement Account In a recent case the United States Supreme Court has made it clear, YOU BETTER KNOW WHO IS THE BENEFICIARY ON YOUR RETIREMENT ACCOUNT! The case dated Jan 26, 2009, titled, Kennedy v. Plan Administrator for DuPont Savings and Investment was decided by the Court unanimously… Continue Reading
Life Insurance and Annuities may be Right for Retirement Despite Money Magazine
Let me say this first and foremost, I generally like Money Magazine, but I was so angry when reading this month’s issue. It wasn’t just one article but rather the combination of two articles. On page 29 there is an article titled, “Keep Your Nest Egg Safe from Uncle Sam” by Karen Cheney and the other titled,… Continue Reading
WSJ Follows up on Suspended Required Minimum Distrubtion for 2009
I briefly mentioned in my Article about Missing RMDs (Required Minimum Distributions) that RMDs were actually suspended for tax year 2009 (but remember not 2008!). Well, today I found a great Q&A/Follow up on the Wall Street Journal Personal Finance Section website. It is appropriately titled “Details on the New IRA Rule” and was written by… Continue Reading
Did you forget your RMD this Year? All may not be Lost
One of the Planner’s asked me an interesting question the other day, What can we do when someone doesn’t take their Required Minimum Distribution? What are Required Minimum Distributions? Before we get into my research, lets start with the question, what are RMDs? Like I have said in the past, when you have a question like this… Continue Reading
The IRS Backs Off on Finalized 403(b) Regulations
As I have stated I sometimes do advanced estate and retirement planning so I am not sure how many people will find this information useful, but hell its my blog so I’ll share it anyway! Specifically, this information is for those people who run or are involved in a small 403(b). Put very very very… Continue Reading
