SECURE Act 2.0: RMD Age Changing Again

We’re only a few years removed from the SECURE Act being passed, which brought about significant retirement planning changes. Now three years later, Congress passed SECURE Act 2.0 in late December and we have another round of changes to process and adjust to.

We’ll cover these provisions over the course of multiple episodes, but today we’ll focus primarily on another adjustment to the age you have to begin taking required minimum distributions. Starting this year, the age will move from 72 to 73, which is pretty big news for people that are in their mid-to-late 60s.  

Understanding Your Financial Statements

The end of the year (or start of a new year) probably means you’re getting a lot of financial statements in your mailbox (or inbox if you’re paperless). Ever wonder what some of those terms mean as you look at your 401(k), IRA and other account balances?  

Let’s spend a little time looking over a financial statement and breaking down some of the terms you might come across.

Grandma's Retirement Wisdom

Even if she wasn’t directly talking about money, Grandma said a lot of smart things that we can apply to our financial planning. We might not have known it then, but looking back on wisdom that was imparted to us can teach us lessons years later…

The Retirement Marathon

Getting through retirement can be a lot like running a marathon. While we may not know that through first-hand experience, we can certainly lean on the lessons we’ve learned from family and friends who have succeeded in this endeavor.

On this episode, let’s talk about some of the similarities of getting to the finish line in racing and retirement. Much like in retirement, runners might be able to finish a race without all the planning and prep, but they might not how they’re feeling during and after.

Making Smarter Decisions During Major Life Events

Whenever we’re faced with a major life event, certain people will have an impact on us and the decisions we make. But when you work with a financial advisor who you’ve built a strong relationship with, they end up being there for all of these key events because of the financial impact they have.

Let’s explore some of the things you should be thinking about to make smart financial decisions when you encounter some of the most significant events in your life.