The IRS requires you to take money out of your tax-deferred retirement accounts once you reach the age of 70½. Taxed at your ordinary income tax rate, these annual required minimum distributions (RMDs) are calculated by dividing a retirement account’s balance at the end of the previous year by your IRS-provided life expectancy factor.
Wall Street rose Friday as the post-election rally continued. The Dow Jones Industrial Average recorded its seventh straight weekly gain. For the week, the Dow rose 0.46 percent to close at 19,933.81. The S&P gained 0.30 percent to finish at 2,263.79, and the NASDAQ climbed 0.47 percent to end the week at 5,462.69.
The season of giving is upon us. Since the election the markets have provided a nice bump. Not all investments are up, but the general consensus seems to be fairly positive for the economy and the markets going forward. However, I want to take a few moments to focus on giving.
The Markets
The Markets
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