In This Issue
Plan for Your Required Minimum Distributions..
Filing for Social Security:...What Distribution Strategy Will Work for You?.
Tax Tips for Higher Education Costs
California Competes Tax Credit Information
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Plan for Your Required Minimum Distributions

 

Are you ready to begin taking required minimum distributions from your traditional IRA this year? 
 
Here are three facts to plan for. Required withdrawals. The rule is this: To avoid a penalty, you're required to take a minimum amount from your traditional IRA once you reach age 70½. You determine the dollar figure by dividing the balance in your account at the end 

 

  Client Quote

"Our needs have varied over the last 30 years of our relationship and the Gilbert team has always met the challenge! I can relax because they "got this"! 


 -Laraine Patching
JULY 2015

 

If you're nearing retirement age, you have a lot of decisions to make about your retirement finances. You can start claiming Social Security benefits as early as your 62nd birthday or as late as your 70th birthday. Many factors go into choosing the right Social Security distribution strategy and we discuss some of the key considerations. 

   

We've also included an article on how to plan for your required minimum distributions from your traditional IRA for your review and consideration.

 

Questions?  Give us a call. Don't worry; we've got answers so you can Relax!

    
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Filing for Social Security: What Distribution Strategy Will Work for You?

   

About 8,000 Americans reach the traditional retirement age of 65 every day, according to AARP. If you're one of these preretirees, you have a lot of decisions to make about your retirement finances - including when you should start receiving monthly Social Security retirement benefits.

 

The good news is that you have some flexibility. You can start claiming benefits as early as your 62nd birthday or as late as your 70th birthday. Many factors go into choosing the right Social Security distribution strategy - there is no appropriate one-size-fits-all,..(Read More)

Tax Tips for Higher Education Costs

  

As we approach August, it is time to start thinking about college as the Fall is fast approaching. For college students and those who love them, that means tuition payments and other fees. The good news is that there are a variety of ways to handle these expenses in a tax-savvy manner.
 

Consider credits. Tax credits reduce tax liability dollar-for-dollar, so let's start here. First up is the American Opportunity credit, which was extended through December 2017 by the American Taxpayer Relief Act of 2012...(Read More)