Last year, the passage of the CARES Act waived required minimum distributions (RMDs) for everyone. However, that waiver has ended, and now, if you’re of RMD age, you must ensure that you take your RMD this year and in subsequent years.
For most people, retirement seems like a faraway dream, something that will happen “one day.”
You’ve got to think these things through and make sure all your bases are covered before you can finally call it quits and retire.
The answer to this question comes down to whether a stimulus check increases "provisional income."
There are important milestone ages to note before and throughout retirement. Mark these birthdays on your calendar to boost your retirement income and avoid unnecessary penalties.
After decades of planning and putting money away, you may think it would be easy for most people to shift from a savings mindset to a spending mindset. Yet one often overlooked aspect of retirement planning is income draw down.