Summer 2019

Congress has 2 proposals that may be reconciled, and enacted into a new retirement law when they return in the Fall. The House has passed the SECURE Act, which would raise the age at which distributions must be taken from retirement accounts from the current age of 70-1/2 to 72. The Senate is working on a bill called RESA that would also modify rules about Required Minimum Dsitributions, and perhaps extend the age when contributions to Traditional IRA’s can be made.

If you’re just turning 70-1/2 this year, it may be worth waiting before taking a distribution until closer to the end of the year, in case you end up not being required to take one at all this year.

New Year's Resolutions

I heard someone say recently that most people who make resolutions for the new year have given up on many of them by the 10th of January. I don’t know if that’s true or not. I don’t make New Year resolutions. I’m more inclined to try to make small changes on a regular basis. Maybe the Continuous Process Improvement philosophy put forth in my Navy training and undergraduate business degree program are responsible for that.

What’s important is, that if you have decided that you want to get a better handle on your financial goal setting and accomplishment, it’s never too late. I can help you decide on goals that will work for you, and a solid plan for reaching them.