Retirement Planning & IRAs
Retirement Planning & IRAs

Redefining Retirement - Part I

Retirement and retirement planning have a very different look today, with new rules, new strategies, and often, modified expectations. According to a recent Gallup survey, most Americans now believe they will be able to retire at age 67. This is up from 66 last year, 63 ten years ago, and age 60 in the 1990’s. For many, the ideal of relying on Social Security and pensions, and filling days with golf, tennis, grandchildren and travel seems a bit removed from this new reality...
Retirement Planning & IRAs

Required Minimum Distributions Suspended in 2009 - Hilton Head Monthly, March 2009

A very important component of the recovery legislation impacting our clients has just been implemented by the Bush administration. President Bush signed into law H.R. 7327, the “Worker, Retiree, and Employer Recovery Act of 2008,” which waives required minimum distributions from IRA accounts for 2009. Investors should be exploring alternative lower tax sources of distributions wherever possible, in order to take advantage of the benefits of this important change.