At the end of 2015 (December 18th, 2015) Congress passed legislation that allowed Qualified Charitable Distributions from IRAs to count toward Required Minimum Distributions aka RMDs. This change was made effective retroactively to the beginning of 2015. Going forward retirees over 70 ½ can now make charitable distributions from their IRAs that will count toward satisfying their RMDs. (more…)
For those of you who have been long term clients or followers of my blogs, you are well aware that I have been warning about a market correction for some time. When the Federal Reserve lowered interest rates to near zero, investors were forced to search for income and investment growth in riskier assets. High yield bonds and stocks were favored over low-yielding, safer government bonds. Leverage was used to further juice returns. The result was increased stock (and bond) valuations and soaring margin debt. (more…)
Cash is not returning much more than 1% these days and financial markets are volatile and overvalued, portending lower future returns. Many homeowners wonder if they should use their surplus cash to more aggressive pay down their home mortgage. There are qualitative and quantitative factors to consider and the answer really depends on each person’s unique situation and attitudes. (more…)
The new year brings with it lots of well-intended resolutions, many of them financial. But it can be easy to procrastinate on money matters when you’re unaware of the consequences of inaction or unsure whether you’re making the right decisions.
Even for a financial planner, the process of setting and achieving financial goals can be overwhelming. This past year, although I focused on specific aspects of my finances, I didn’t take the time to identify important life goals for the year. I did not use my money to ensure that I was enriching my life. (more…)
Here is a list of the links to the most widely read blogs on my website for last year. (more…)
Many people view retirement as a 30-year vacation, full of leisure and travel. But new retirees often find that retirement isn’t the carefree life they expected. They miss having social interactions, a sense of achievement and daily structure — and as a result, some experience weight gain, marital discord, depression or substance abuse. (more…)