Q: My company recently announced another round of layoffs and I expect to be let go. I am 62 and I am a little old to be starting over, so I have decided it is time to retire. This is earlier than I thought it would be, but I feel ready to slow down a little. My main concern is how to pay for healthcare. What do you know about COBRA?
Steve Merrell |
Q: I am 72 years old. When my only brother died earlier this year, he left his IRA to me. I know the rules for inherited IRAs changed recently and that I need to make sure this inherited IRA is emptied within ten years of my brother’s death. However, what happens if I die and my children inherit this IRA before those distributions are complete?
Steve Merrell |
College is one of the largest investments most people will make in their lifetimes. Few make it through without financial help from family or other financial aid. This week’s
The CARES Act passed by Congress last March suspended required minimum distributions for IRA, 401(k) and similar retirement accounts for the entire year. People who took an RMD this year must make an important decision by the end of the month—do I keep the RMD or do I roll it back into my retirement account? Several