It’s that time of year again. Required Minimum Distribution season is upon us. Here’s a quick reminder of the rules for everyone.
If you are age 70 1/2 and older, you must take a required minimum distribution (RMD) from your traditional 401(k)s and traditional IRAs by Dec. 31, 2016, and income tax is due on each withdrawal....
Medicare Premiums and Deductibles Announced for 2017
Last Thursday Medicare announced its changes for deductibles and Part B premiums for 2017. Bad news first – premiums are going up for everyone (both new and all current enrollees, unlike last year where 70% of Medicare recipients were protected by the “hold harmless” provision) next year. The good news is that the increase will not be at the worst-case-scenario projected by the Medicare trustees earlier this summer....
Taxes and Healthcare Under a President Trump
The results are in, and we now know that Donald J. Trump will be the next president of the United States. With this news comes the speculation about how Mr. Trump will govern. He’s talked a lot about changing quite a few areas that would affect financial planning – most notably in taxes and healthcare....
Election Day
It’s finally Election Day. I, for one, am more than ready to see the end this very acrimonious cycle. I hope all of you eligible voters out there exercised your right to vote. Remember if you don’t vote, you don’t have much cause to complain about the outcome. :-)
Venturing over to the investment side of things today by posting the following table, which catalogs the S&P 500’s performance on the day of and day after each presidential election...