One of the things to remember when you are saving for retirement is that once you reach age 70.5, you are required to take required minimum distributions (RMDs) each year from your retirement account.
Even if you don’t want the money.
If you don’t take the RMD, you will find yourself hit with an excise tax. So, […]
Jean, over at Small Business Boomers and of The Thriving Writer fame, submitted this question for Ask the Piggy Bank:
I’m looking at buying an annuity and I’m wondering what the difference is between a variable annuity and a fixed one.
This is an excellent question. Annuities are used as retirement income. Basically, they are savings […]
Taking finances personally
Written by Miranda Marquit [email] for b5media.
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