If you have a retirement account, like a 401(k) or a traditional IRA, then you need to know about Required Minimum Distributions (RMD’s). Generally speaking, starting when you reach age 70 ½ (or when you retire, if that’s later), you’ll have to withdraw a certain amount each year from your retirement account. How much do you have to withdraw? This depends on the balance in your account and your life expectancy. Each year, you take the balance of your account on December 31st of the prior … [Read more...] about Q&A: Required Minimum Distributions
Frugal Retirement
When you think about living frugally during retirement, what comes to mind? If you imagine a life of deprivation and self-denial, it’s time to rethink your definition of frugality. Frugal living is just a matter of planning your spending and making the most of every dollar. Living frugally can actually mean living better – if you know what’s coming in and you have well-defined priorities for spending your money, you’ll be able to spend on the things that are most important to you. The first … [Read more...] about Frugal Retirement
Welcome to the Blog of The Mendel Law Firm, L.P.
New blog posts on a variety of topics coming soon! … [Read more...] about Welcome to the Blog of The Mendel Law Firm, L.P.
