WSJ Follows up on Suspended Required Minimum Distrubtion for 2009

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

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

A Lesson (almost) Learned the Hardway

A Lesson (almost) Learned the Hardway

Warren Buffet is said to uttered the wise wise words, Never invest in a business you cannot understand Well the wife learned a real life personal finance lesson this past vacation to the Dominican Republic.   Upon walking into the Casino the first night I was given a $5 free chip which could only be used…Continue Reading

Teach Your Children Well – Financial Education Starts at Home

Financial struggles and poor money decisions are the kind of thing you might not even wish upon your worst enemy. If you’ve been through the money wringer yourself, you don’t want anyone else to experience similar suffering. That’s even more true when applied to your offspring. As a parent, you want your kids to enter…Continue Reading