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Information About Annuities

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Information About RMD’s

Retirement Topics — Required Minimum Distributions (RMDs)

You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. However, changes were made by the Setting Every Community Up for...

Required minimum distributions (RMDs)

When you reach age 72,* you're required to withdraw a certain amount of money from your retirement accounts each year. That amount is called a required minimum distribution, or RMD. RMD rules apply to tax-deferred retirement accounts: Traditional IRAs Rollover IRAs...

Information About Financial Planning

How to Find a Financial Advisor if You’re Not Rich

IF YOU THINK ABOUT IT, the people who need a financial advisor are the ones who can't afford one. If you're impoverished or firmly in the middle class and can't seem to make it to the next level, you're the one who could really use financial advice. If you're wealthy,...

When Is It Time To Hire A Financial Advisor?

While nearly everyone could benefit from working with a professional financial planner, the cost is often prohibitive. There comes a time, however, when paying for financial advice becomes a solid investment in your future. How do you know when it's time to hire a...

How to Choose a Financial Advisor

Financial Advisor Industry's Future The challenge, like looking for the right brand or shampoo, is deciding what kind of advisor to work with. You have probably stood in the grocery store before wondering, "Am I looking to tame my oily hair or give it fuller body?"...

Information About Retirement

Are You Retiring Within the Next 5 Years?

Are You Retiring Within the Next 5 Years?

You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.   How much monthly income will you need?Look at your monthly...

5 Retirement Planning Steps For Women

5 Retirement Planning Steps For Women

Women historically have let men plan for retirement. The old rules have changed, but women still are searching for how should navigate the path to post-work life. And that path is different than it is for men. Diane Bourdo, president of the Humphreys...

3 Ways to Calculate How Much to Save for Retirement

3 Ways to Calculate How Much to Save for Retirement

So, you need to save for retirement. The question is: How much do you need to save? Unfortunately, that's hard to answer. In fact, according to a survey this year by Bankrate.com, more than six in 10 Americans don't know how much money should be in their...