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Saturday - September 19, 2020
 

August 31st, The 2020 RMD Income Tax Relief Deadline Is Almost Here: Important Facts You Must Be Aware Of

August 21st, 2020

Provided by Pamela J. Sams, CRPC©, BFA™ and NABBW’s Retirement Planning Associate Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep in mind, however. Here’s what you need to know. Don’t forget the withholding Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, those who hold certain retirement accounts can bypass the required minimum distributions... Read More

Pam Sams On “What’s the Deal with Social Security for Women?”

July 30th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ MBA – NABBW’s Retirement Planning Associate In my position as principal of Jackson Sams Wealth Strategies, in Herndon, Virginia, I often find myself counseling my clients on Social Security. I often find myself explaining that when Social Security was enacted in 1935, it was conceived as an entitlement program. Since, at that time, people didn’t live much past age 65, the amount of time you would actually be expected to  receive a check from the Social Security Administration (SSA) was very short.   Even when our parents retired, living... Read More

How Women Can Prepare For Retirement: A practical financial checklist for the future.

April 24th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ – NABBW’s Retirement Readiness Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. Today, the Social Security Administration (SSA) estimates that the average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or longer might be in your future.1,2 Are you prepared for a 20-year retirement? How about a 30-year or even 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 33%... Read More

The SECURE Act and Traditional IRA Changes: What is it? How might it affect retirement strategy?

June 26th, 2019

Provided by Pamela J. Sams, CRPC, NABBW’s Retirement Planning Associate  If you follow national news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in the House of Representatives and could make IRAs a more attractive component of your retirement strategy. However, it also changes the withdrawal rules on inherited “stretch IRAs,” which may impact retirement and estate strategies, nationwide. Let’s dive in and take a closer look.1 Secure Act Consequences.... Read More