Here is what you need to know. Financially, many Middle-Class Millionaires associate April with taxes – but we should also associate April with important IRA deadlines. April 15, 2021 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts. Your advisor at Kendall Capital can help you navigate through and … Continue reading “2020 IRA Deadlines Are Approaching”
2020 IRA Deadlines Are Approaching
Why Roth IRA Conversions May Now Be Advantageous
Thanks to a couple of factors, some Middle-Class Millionaires are thinking about this move before 2020 ends. Kendall Capital can help evaluate whether or not this is a beneficial strategy for you. Roth IRAs have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free retirement income, provided Internal Revenue Service rules … Continue reading “Why Roth IRA Conversions May Now Be Advantageous”
Conquering Retirement Challenges for Women
When it comes to retirement, some women face obstacles that can make saving for retirement a challenge. Women typically earn less than their male counterparts and often take time out of the workforce to care for children or other family members. Added to the fact that women typically live longer than men, retirement money for … Continue reading “Conquering Retirement Challenges for Women”
Tax Considerations for Retirees
Are you aware of these potential tax breaks and tax-saving opportunities? The federal government offers some major tax breaks for older Americans. Some of these benefits deserve more publicity than they receive. With frequent changes to the tax code, we encourage you to reach out to an advisor at Kendall Capital and a tax professional … Continue reading “Tax Considerations for Retirees”
That First Distribution from Your IRA
What you need to know. When you are in your seventies, like many of our clients here at Kendall Capital, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these withdrawals are called Required Minimum Distributions (RMDs). Generally, these distributions from traditional IRAs must begin once … Continue reading “That First Distribution from Your IRA”
In-Kind Distributions from IRAs
What you need to know about in-kind IRA distributions.