The amount of your required minimum distribution will change every year. But why is that? In this week's video, Tom answers this common question. He also covers who has to take required minimum distributions, how to calculate your RMD each year, and strategies to make...
Government Budget Mess: Lessons For Us Last week (September 30, 2023) , we endured another government budget mess, and we narrowly avoided another US Government shutdown. We've lost count: how many shutdowns have we narrowly avoided now? But there ARE some takeaways...
Taking money out of your investment account can be more complex than you might think. In this week's video, Casey walks you through the different factors that should be considered. Taking money out of the wrong place could cause a penalty or generate serious tax...
Things didn't work out with your spouse, and now you need to figure out how to split your investments during divorce. Casey has got you covered in this week's video. He explains what happens to joint brokerage accounts, cost basis information (which affects taxes),...
Is it better to aggressively pay down debt or just make the minimum payments and save/invest your money instead? This personal finance topic is constantly debated. There's no one size fits all because everyone's situation is different. However, there are some...
How To Lose Money, vol 3 An article in Morningstar recently showed how investors routinely lose money - on their own - by moving their money in and out of funds. This is another example how timing the market does NOT work. It's not very complicated to see this is how...
To many people's surprise, yes, you may owe taxes on your Social Security benefits. How much tax you'll owe depends on how much other income you have. In this week's video, Casey walks through how to determine the taxation of your Social Security. Up to 85% of your...
Schwab TD Ameritrade - Video Episode #349 If you are a client of TD Ameritrade - pay attention! The merger between Charles Schwab and TD Ameritrade (Schwab TD Ameritrade) is nearly complete. Account holders at TD Ameritrade recently received (or will soon receive) a...
If you are still working and receiving Social Security benefits you need to pay attention to how much income you are making because it may reduce your benefit. In this week's video, Casey details what the income limit is, how the benefit reduction is calculated and...
In this week's video, Casey discusses the concern of outliving your retirement savings. This is the BIGGEST worry many retirees have and for good reason. With rising costs and the uncertainty of the market, folks may want to lock in a source of income in the future....
