Dear Garden State Trust: I turned 70½ in 2019, so I had to take my first required minimum distribution in early 2020, before April 1. I did. Now I’ve heard that I didn’t have to take that RMD after all? —Drawing Down Slowly Dear Drawing: You’ve heard correctly. The waiver of RMDs was included in…
Month: July 2020
Reaction to Reality: Should I Reassess My Risks?
We all have a renewed sense of just how fragile we are, and are evaluating the steps we can take to reduce that fragility. In terms of family financial security, one could consider: More insurance (life, long-term care, or disability insurance); More savings in tax-preferred retirement accounts to protect against running out money. Portfolio changes…