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The Future of the RMD

Required Minimum Distributions, or RMDs, are distributions that must be made from a retirement account once the account holder reaches a certain age. One of the reasons the RMD exists is to force money that was originally tax-deferred to go through the tax system....

529 Investment Options

Shortly after my daughter was born, I opened a direct* 529 account for her through Ohio College Advantage. The entire process, not including the time it took to review the investment options, took about ten minutes. The most time-consuming part of the process was...

What’s New for 2022

Key facts and figures to help you plan for the new year. Increased Retirement Plan Contribution Limits The IRS announced that the 2022 contribution limit for 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $20,500....

The Future of Social Security

At the end of August, the Trustees of the Social Security trust fund reported that the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, would only be able to pay scheduled benefits on a timely basis until 2033. This was...