KEY POINTS If the original account owner died on Jan. 1, 2020, or later, only certain beneficiaries can stretch withdrawals across their lifetime. Others need to deplete inherited retirement accounts within 10 years of the death. Here are the details. So you inherited a retirement account. Before you make any decisions on when and how…

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NFL players like Warren Sapp, Vince Young, Bernie Kosar, Clinton Portis, and Lawrence Taylor made multi million dollar fortunes playing football, and then lost it all. Alvin Kamara is part of a new generation of superstars who refuse to make the same mistakes. Maybe you have heard the statistics about professional athletes losing entire fortunes…

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A booming stock market and high long-term unemployment among seniors may lead some Americans to consider retirement. But market peaks are generally the riskiest time to retire, according to researchers. Of course, it’s impossible to tell when another pullback will occur. Those who do retire may want to reconsider adhering to the 4% rule for…

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The IRS released its interpretation of the SECURE Act’s rules for post-death payouts on IRAs and surprised everyone — and not in a good way! THE 10-YEAR RULE One of the big changes in the SECURE Act was the elimination of the stretch IRA for most non-spouse beneficiaries. It was replaced with the “10-year rule,”…

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If you are working with an eye towards retirement or even semi-retirement, you are probably (hopefully) saving more than you could in the past in your retirement accounts. You may have paid off the mortgage and paid for college and other heavy expenses of raising children. That all sounds like you are on your way,…

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3 Shocking Social Security Stats That Spell Trouble for Retirees Chances are, you’ll rely on Social Security as an important income source after retirement. Most Americans depend on their benefits to help make ends meet, especially if they’ve saved too little and don’t have a guaranteed pension from an employer. That’s why it’s such a…

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There are many changes in store for retirees in 2021. Under the Biden administration, we might see an increase in individual tax rates and other key tax policy changes that could have a direct impact on your retirement portfolio in years to come. We are also expecting to see increased stimulus measures as we continue…

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What is Invest 5050™? Are you new to investing? Gregory explains his Invest 5050™ money management philosophy in an on-air segment of the Winning at Life radio show. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about…

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Freddie Mac says gap has widened significantly in past two years as builders struggle to keep up The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand, according to a new analysis by mortgage-finance company Freddie Mac. The estimate represents a 52% rise in the nation’s home…

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Common tax-minimizing strategies are difficult or impossible to implement on the trading platforms that have boomed in popularity in the past year Last year Dayton Leong, an active trader with accounts at nine firms, made scores of trades using the Robinhood app. He liked the free stocks he got from referring more than a dozen…

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