The SECURE Act has taken away the ability to stretch an inherited IRA out over someone’s lifetime. What happens when you lose your flexibility?
In the case of inheriting a Traditional IRA, you are required to concentrate your tax liability. The new law requires you to distribute all assets from the inherited account within 10 years.
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If you are fortunate enough to continue to receive your paycheck during COVID 19 or to receive your usual retirement income, you may find that cash is building up in your checking account, as reported by several of our clients.
This is not a problem, but it is an opportunity.
In a perfect investing world, you would be able to see market bottoms coming and be prepared to buy at that exact moment for ultimate investment gain, right?
There are hundreds, probably thousands of diets out there. Odds are you have tried a few and you know tons of people that have tried different ones that either outright failed or gained the weight back shortly after.
Take a second and think, how many diets do you think are effective?
The current covid-19 virus has changed many people’s financial plans, at least in the short term, and, at most, for the rest of their lives. For those approaching retirement or Social Security claiming age, Social Security strategies that have been previously decided may be obsolete.
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