Monthly Archives: January 2012

RMD Precautions and Options

Meeting your obligations and finding some opportunities. After you turn 70½, the IRS requires you to withdraw some of the money in your retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 While you never have to make withdrawals from a Roth IRA, you must take annual RMDs from traditional,…
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Is Now The Time To Refinance?

Interest rates on 30-year fixed mortgages hit a record low. Mortgages are cheaper than ever. Economists and real estate analysts who predicted lower interest rates were not disappointed; the earliest numbers from 2012 have reached an all-time low, leading a number of homeowners to consider their options. On January 12, interest rates on 30-year FRMs…
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Get Off On The Right Foot In 2012

A look at some financial changes & the opportunities they may present. Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b) and 457 plan annual contribution limits rise slightly to $17,000, and you can contribute an additional $5,500 to…
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