Become A Client
IRS rules surrounding required minimum distributions (RMDs) are complex. It’s not uncommon for a taxpayer to mistakenly take the wrong RMD amount, inadvertently miss an RMD or make their withdrawal from the wrong account. However, these mistakes can be costly.
Regardless of your outlook on retirement, completing the following tasks before you retire can help ensure a smooth transition to the next chapter of your life.
There is often debate among financial professionals about whether long-term care insurance (LTCI) is worth the expense. When determining whether long-term care insurance is right for you, consider the following.
There’s no way around it – market volatility can be scary, especially if you are nearing retirement or have other major expenses on the horizon. The following are tips to help you weather the storm as a long-term investor.
Many people believe it’s better to take their required minimum distribution (RMD) at the end of the year in order to maximize tax-deferred growth within their accounts. While on the surface this makes sense, there are several reasons why it may be more beneficial to take your RMD early in the year.
While investors who are decades away from retirement have plenty of time to recover from a market correction, those nearing or currently living in retirement don’t have the luxury of time on their side.
What Happens If You Miss an RMD?
post
5 Things to Do Before You Retire
post
Long-Term Care Insurance
post
Protecting Yourself in a Volatile Marketplace
post
Why You Should Take RMDs Early in the Year
post
How to Mitigate the Risk of a Market Pullback in Early Retirement
post
Required Minimum Distributions
post
Social Security for Divorced Spouses
post
How to Plan for Rising Healthcare Costs
post
5 Strategies to Organize Your Financial Life
post
Peter Mallouk
President & CEO, Creative Planning
Providing financial peace of mind across the globe
Combined assets under management & advisement as of December 31, 2021