"You can't always get what you want," Mick Jagger plaintively sings in one of his numerous Rolling Stones hits. The Corona Virus outbreak leads many of us to want the impossible -- certainty. That's unlikely to be the case in the near-term, no matter how much we desire it.
Unless you are the kind of person who keeps a copy of the Internal Revenue Code on your nightstand, you are probably not aware of the important tax law changes that were recently enacted by Congress. The SECURE Act makes significant revisions to the rules governing retirement accounts and Section 529 college savings plans. Excellent summaries of the new provisions can be found here and here.
We avoid tasks that we find annoying, whether it's re-arranging a closet, cleaning out the garage, or obtaining and signing a will. Knowing that it is critically important to implement an estate plan does not always act as sufficient motivation to take care of it.
Saving for retirement is nothing more than postponing spending on the present you for the benefit of the future you. Most of us do not, however, have a strong grasp of the person we will be years from now. That lack of connection between today and a distant tomorrow hinders our ability to save.
It's Open Enrollment season for Medicare, so if you're old enough to remember watching The Beatles on "The Ed Sullivan Show," you should read on for important information.
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