“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…” I suppose this quote from Charles Dickens might well apply to any time in human history. It certainly seems to apply to now. For some this moment is good, for others not good. I recently heard… Read more →
Category: Financial Planning
About IRA Required Minimum Distributions.
The SECURE Act and IRA required minimum distributions. Last December (2019) the SECURE Act was signed into law. This new law changed the required beginning date for IRA required minimum distributions (RMDs). Prior to the act annual RMDs were required to begin by December 31 of the year that the IRA owner reached age 70.5. (Technically, it was the year… Read more →
Investment Reports and Two Warnings.
If you are an investment client of Financial Planning Associates, Inc., your preliminary 4th quarter reports have been posted to your secure web portal. Final reports will replace the preliminary reports after inflation information becomes available. It should be noted that investor experiences can vary significantly, especially for those with large cash flows during the period. In addition, we generally invest… Read more →
IM Reports, Dementia
If you are an investment client of Financial Planning Associates, Inc., your preliminary 2nd quarter reports have been posted to your secure web portal. Final reports will replace the preliminary reports after June inflation information becomes available. Note: The calculation used to determine our clients’ returns is called the internal rate of return. It is cash flow specific and is… Read more →
Warning: Scams abound.
Warning: Scams abound. This is a quick note to remind you that these are perilous times. There are phone scams, email scams, phishing scams, tax scams, website hijacking scams, etc., etc., the list goes on. Why do you care? Because the scammers are getting cleverer, and the potential cost of being scammed is great. So, we are including a few… Read more →