2020 was weird. You do not need me to tell you, you have heard it more than enough. Well, Required Minimum Distributions (RMD) were no exception. If you have contributed to a deferred retirement account, the government eventually wants its taxes. They get it through the RMD process which requires as you age to take some of your retirement out every year and pay the taxes
Having a child about to start college is a financially scary lifetime event. As with many other things in life, ignorance makes it scarier and harder than it has to be. There are really two different phases, one which the family has no control over, and the other that the family has much control over. We’ll discuss both.
This is a continuation of my last blog about general financial advice vs personalized. You can click here to read the last topic discussed.
You Should Save 10% for Retirement