Month: January 2022

You might need to take a little extra time in 2022 to plan your required minimum distributions (RMDs) from IRAs, 401(k)s, and other qualified retirement plans. The starting age was changed from 70 1/2 to 72 and how RMDs get calculated for inherited IRAs changed for year 2020. This year, the life expectancy tables were changed. The new tables have slightly longer life expectancies than the old tables, making RMDs a little bit lower under the new tables than the old ones. This change is easy enough for IRA owners over age 72, but for those who inherited an IRA prior to 2020 (and have been calculating RMDs under the old rules), it is more complicated. Click the link to learn more:

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I was named a Five Star Wealth Manager in NJ again in 2022! Less than 7% of advisors were named this year and this marks my eighth time winning this award. As in prior years, Five Star Professional partnered with New Jersey Monthly magazine and all award-winners were listed in a special section of the January issue. For more information on the Five Star award and the research/selection methodology, please visit my spotlight page:

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