In my newsletter last month, I talked about some of the changes and confusion around new distribution rules for Inherited IRAs and promised this month I would share a few other changes of the SECURE Act 2.0 (Setting Every Community Up for Retirement Enhancement). With some 90+ changes that pertain to individuals, employers, trusts and… Read on…
There has been some confusion in both the financial planning and tax worlds recently regarding the “new rules” around inherited IRA distributions. Congress was clear as mud when they decided to change all the rules in 2020. You see before 2020, if you inherited an IRA, the rules were pretty straightforward, whether you were the… Read on…
Happy New Year to you! The craziness of year-end tasks and the holidays seems to carry right over into the new year, with a sense of urgency on a whole new list of things. But hopefully you found some respite along the way before diving in to 2023! Last year at this time, I wrote… Read on…
The first impactful memory I have around money always comes to me right away. It’s a story I shared at my dad’s 70th birthday celebration. I was about 10 years old and was with him at the ATM. He always counted the money before putting it in his wallet. When he counted it on this… Read on…
The fall tends to be open enrollment time and you are likely in the middle of it now, or will be soon, so I thought this month would be a great time to review some of the crazy acronyms you see as your eyes glaze over the 50+ page benefits guide from your employer. I… Read on…
A friend recently came to me with a business idea that she felt could be really useful to many. She felt quite strongly about it because she knew it would be very useful to HER, and she correctly assumed that many (many) others are in the same position. Let’s call it: I PAY LITTLE TO… Read on…
This past July 4th marked the 20th year in our home. TWENTY YEARS. Holy cow, I don’t know where the time has gone. With my oldest having just graduated from high school, I seem to be saying this a lot lately. Cue the tissue box. When we first bought our home, we had my… Read on…
I took a spin class last week and the instructor kept reiterating two things as we climbed a hill, and it got me thinking about the two recommendations I referenced above. I know, I think about work WAY too much. The two things she was selling to us tired riders were “discipline” and “add one… Read on…
You know those moments when you learn something new that you can’t believe you did not know before now, and depending what it is, you may even feel like a bit of a dummy for not knowing? We all have them. I had one of these moments last week when my brother came over to… Read on…
I’ve shared this one before, but since I have many new readers, and since I once again splurged at the salon during my last hair appointment, I thought I would share it again. If you are a regular of my newsletter, you know I live in a houseful of the opposite sex, who don’t have an… Read on…