If you’re 72 or older, the government makes you take Required Minimum Distributions every year.  RMDs consume a percentage of your retirement assets.  But thanks to new data that shows Americans living longer, the IRS has revised the RMD tables so that they’re at a lesser percentage.  That means fewer taxes to pay.  That seems like good news, right?  Does this change your thinking about the IRA to Roth conversion? 

An annuity is simply a contract between you and an insurance company.  In exchange for a lump sum, it promises periodic payments for a certain period.  Annuities and 401(k)s both can provide long-term savings, tax-deferred growth and probate-free way of passing assets to beneficiaries.  But an article on the NASDAQ market site makes the argument that an annuity is better than a 401(k), especially later in life.  With all the negative press on annuities, is there a change of heart happening here … even on Wall Street? 

If you’re 72 or older, the government makes you take Required Minimum Distributions every year.  RMDs consume a percentage of your retirement assets.  But thanks to new data that shows Americans living longer, the IRS has revised the RMD tables so that they’re at a lesser percentage.  That means fewer taxes to pay.  That seems like good news, right?  Does this change your thinking about the IRA to Roth conversion?  An annuity is simply a contract between you and an insurance company.  In exchange for a lump sum, it promises periodic payments for a certain period.  Annuities and 401(k)s both can provide long-term savings, tax-deferred growth and probate-free way of passing assets to beneficiaries.  But an article on the NASDAQ market site makes the argument that an annuity is better than a 401(k), especially later in life.  With all the negative press on annuities, is there a change of heart happening here … even on Wall Street?

Steve Hoyl and Derrik Caldwell have worked tirelessly to craft personalized, high-quality financial services to a diverse group of clients at all income levels. As a lifelong resident of the Texas Panhandle, Steve has a unique insight into the passions, motivations and concerns of his client. It’s this connection with community — alongside more than three decades of industry experience — that allows Steve and Derrik to create retirement strategies that are as unique as the clients they serve and the places they live.

Learn more about Steve, Derrik and the rest of the team here.

Don't miss an episode. Subscribe or follow wherever you get your favorite podcasts!

For more helpful insights follow on social media: Facebook and X

Steve Hoyl and Derrik Caldwell have worked tirelessly to craft personalized, high-quality financial services to a diverse group of clients at all income levels. As a lifelong resident of the Texas Panhandle, Steve has a unique insight into the passions, motivations and concerns of his client. It’s this connection with community — alongside more than three decades of industry experience — that allows Steve and Derrik to create retirement strategies that are as unique as the clients they serve and the places they live.
Learn more about Steve, Derrik and the rest of the team <a href="https://hoylfinancialgroup.com/podcast/">here</a>.
Don't miss an episode. Subscribe or follow wherever you get your favorite podcasts!
For more helpful insights follow on social media: <a href="https://www.facebook.com/HoylFinancialLLC">Facebook </a>and <a href="https://twitter.com/HoylFinanacial">X</a>

Retire Texas Style!

For over 30 years, Steve has worked tirelessly to craft personalized, high-quality financial services to a diverse group of clients at all income levels. As a lifelong resident of the Texas Panhandle, Steve has a unique insight into the passions, motivations and concerns of his client. It’s this connection with his community — alongside more than three decades of industry experience — that allows Steve to create retirement strategies that are as unique as his clients and the place they live.

If you’re 72 or older, the government makes you take Required Minimum Distributions every year.  RMDs consume a percentage of your retirement assets.  But thanks to new data that shows Americans living longer, the IRS has revised the RMD...

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