by fwsadmin | Jun 14, 2021 | Uncategorized
Like previous pandemics, COVID-19 has touched off profound changes for our societies, economies, workforces, and overall life models, not least of which are people’s shifting expectations for later-life work, purpose, health, and finances. Bank of America’s Lorna...
by fwsadmin | Jun 12, 2021 | Uncategorized
Weekly Market Commentary – 6/11/2021 -Darren Leavitt, CFA The S&P 500 hit all-time highs on the week in very tight market action. Cyclicals and US Treasury yields fell throughout the week on the notion that the economy has seen peak growth and peak...
by fwsadmin | Jun 10, 2021 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Question: How can the beneficiaries of an estate roll a 401(k) paid to the estate to a Roth IRA? What steps must be taken? Bob Answer: Bob, Inherited IRAs cannot be converted to inherited Roth IRAs, but inherited 401(k) plans can...
by fwsadmin | Jun 9, 2021 | Uncategorized
By Ian Berger, JD IRA Analyst On April 14, we reported that the IRS was apparently interpreting the SECURE Act’s 10-year payout rule in a surprising way – to require annual required minimum distributions (RMDs). Now, the IRS has made it clear (without actually...
by fwsadmin | Jun 7, 2021 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst With the passage of the SECURE Act, once common IRA beneficiary planning strategies have been upended. For example, no longer can just anyone stretch payments on an inherited IRA. You must qualify as an “eligible designated...
by fwsadmin | Jun 4, 2021 | Uncategorized
Retirement planning is a multistep process that evolves over time. To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part is why it makes sense to pay attention to the serious and perhaps boring...