List of Retirement Milestones - PDF Download

Retirement MilestonesThere are many milestones on the way to – and through – retirement.  Starting at age 50 with the opportunity to make additional catch-up contributions to IRAs and

How Dental Practice Owners Begin to Save For Retirement

Sometimes dentists care so much for their patients and sacrifice so much for their employees that they short themselves and their own families.

RMDs: Special Situations

There are some special situations that affect Required Minimum Distributions (RMDs) that you may need to be aware of; having a younger spouse, inheriting an IRA, holding an illiquid asset, having a late-in-the-year birthday and working past 70.5 can all impact the required distributions.  

A spouse who is 10 years younger

Think About RMDs Before You Turn 70.5

We've spent several weeks covering Required Minimum Distributions (RMDs).

What Happens When You Forget to Take an RMD

It is particularly important to make your Required Minimum Distributions (RMDs) on time; failure to take RMDs on time can result in a 50% excise tax on the shortfall.  In all years except the first year, you must make your RMD by December 31st

How RMDs Work in Real Life

In another post in this series we discussed how to calculate your Required Minimum Distribution (RMD).  Once you know how much the RMD

RMDs for Business Owners and Employees

Required Minimum Distributions (RMDs) from 401(k)s are treated differently for business owners.  For those who don’t own a business or own less than 5% of the business, an RMD is not required from the 401(k) while they’re still working (they would still have to take RMDs from their IRAs,

RMD Basics

Welcome to our series on RMDs – Required Minimum Distributions -- the distributions from retirement accounts (IRAs, 401ks, 403(b)s, 457 plans) that are required once the owner turns 70.5 years old. 

Withdrawal Strategies: RMD Planning

Depending on your tax bracket, the years leading up to age 70.5 can be  a good time for taking withdrawals. 

Why borrowing from your 401(k) is better than cashing out your IRA

In our perfect world, you’d never need to borrow from your 401(k) OR cash out your IRA. We don’t intend to recommend either of these strategies by writing about them, however, sometimes people run into a cash crunch and after exhausting other options turn to their retirement savings for help. 

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