Required Minimum Distributions, also known as RMDs, are the IRA’s way to tax the deferred savings built up in retirement accounts such as IRAs and 401Ks. In the eyes of the IRS, these accounts are to be used during a saver’s lifespan rather than to be passed along to the next generation while maintaining their tax-deferral.

Approaching retirement is an exciting time for most people. Spending time thinking how you will live out your “golden years” is something that we all look forward to.

You’ve worked hard for many years to accumulate and grow your wealth. Now is the time that you depend on that wealth to get through retirement, which could last 30 years or more!

Ideally, you want your portfolio to start producing enough dividend and interest income to fill the gap between income from social security and any possible pensions you may have and what your expenses will be during retirement.

A New year, a new financial you!! As we are still early in the new year, now would be a good time to make some financial planning resolutions.

Buying High yield savings, T-bills, and CD’s will help!

"Compound interest is the 8th wonder of the world, those who understand it, earn it, those who don't.. pay it." Albert Einstein

My great Aunt June recently passed away at 102 years of age. She was an incredible person and lived life to the fullest. June was born in New York City, graduated from University of North Carolina (80 Years ago) and was a very well…