IRA

Major Changes Ahead – How Retirees On Social Security Can Prepare For 2025

by
Donald Trump

Every new presidency brings shifts, but Donald Trump’s term could redefine programs like Social Security. With plans to cut government spending, Trump introduced the Department of Government Efficiency, aiming to streamline expenditures for a budget surplus. While this strategy may promote fiscal responsibility, it raises concerns for programs like Social Security, leaving beneficiaries vulnerable without … Read more

Important Deadline – Take Your Required Minimum Distribution (RMD) Before January 1, 2025

by
Donald Trump

Saving for retirement often involves using tax-advantaged accounts like IRAs or 401(k)s to maximize growth through compounding interest. However, as retirement approaches, it’s essential to know Required Minimum Distributions (RMDs)—rules that govern mandatory withdrawals from these accounts. Knowing the ins and outs of RMDs can help retirees make informed decisions to avoid unnecessary penalties and … Read more