Results from two recent surveys, conducted by The Harris Poll on behalf of The Nationwide Retirement Institute® – both during and before the COVID-19 pandemic began – highlight that clients, even younger clients, have a desire for information on Social Security and expect their financial professional to provide it or make it available.
Over the last few months, Congress has enacted two pieces of legislation that changed the rules on Required Minimum Distributions (“RMDs”) from qualified retirement accounts. The SECURE Act moved the commencement date for RMDs from the year you turn 70 ½ to the year you turn 72. The CARES Act, enacted in response to the coronavirus pandemic, essentially eliminated RMDs for the 2020 tax year. But even with all this RMD “relief,” few people are asking the question: “does it actually make sense to skip taking a distribution from your qualified retirement accounts?”
Clients want help understanding how their various income sources will be taxed during retirement — and they expect this help from their advisors.
The SECURE Act, one of the largest overhauls of the U.S. retirement system in decades, will help drive better retirement outcomes for American workers.
Roth conversion strategies won’t make sense in every scenario. Learn whether or not this is something worth discussing with your clients.
Our new blog post discusses the need for advisors to assist clients who are or may become caregivers.
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