Required minimum distributions are complicated. It’s easy to slip up and make a mistake when trying to understand the rules around required minimum distributions.
Luckily, if you do make a mistake, there are steps you can take to remedy the issue and avoid a harsh penalty. Continue Reading How to Fix a Required Minimum Distribution Mistake
Those receiving social security income, approximately 70 million Americans, will be seeing a slight increase in their monthly payments this year. With a 1.3% cost-of-living adjustment (cola), the Social Security Administration has shared that individual recipients will see their monthly benefits going up by about $240 a year. Continue Reading A Modest Social Security Increase for 2021