The SECURE Act: Some Planning May Be Required
Surprise! Surprise! In the month of December, 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement” Act, known as the SECURE Act, and President Trump signed it into law. Although, this law does have some minor reliefs or enhancements within it, it pretty much throws out the “Stretch IRA” provision of the past. Overall, this new law can be viewed as another step to increase tax revenue by the forced acceleration of IRA or retirement plan withdrawals. Keep…
Live Each Day to the Fullest
Live Each Day to the Fullest – by S.H. Payer A good friend of mine read this poem about living life, to me. It was written many years ago, and it really says it all. Here it is: Live each day to the fullest. Get the most from each hour, each day, and each age of your life. Then you can look forward with confidence, and back without regrets. Be yourself, but be your best self. Dare to be different…
Protect Your Business with a Solid Continuity Plan
Protect Your Business with A Solid Continuity Plan A great characteristic of successful business owners is that they are optimistic people. They have a “can do” attitude, setting their goals high, taking risks, hiring the right people, constantly striving to improve the delivery of their service or product, with a constant drive to build their entity into one of great significance. As a result, the experience of building a successful company may give the owner great pride of their achievements,…
Preparing Your Runway for a Smooth Landing into Retirement – Part 2
In Part 1 of this series, “Preparing Your Runway for a Smooth Landing into Retirement”, we discussed four important areas to address in the development of a retirement plan, which was “Painting Your Picture”, determining your cash flow requirements, thinking through inflation assumptions, and determining your sources of income. There are nine other areas and/or issues to address that I think are important in completing a well-rounded plan. Your Potential Risks in Retirement – I mentioned inflation is a potential…
