Your Life. Your Needs. Your Plan.

Hoping this finds you well .

When it came to inheriting an IRA, Eligible designated beneficiaries were always in the drivers street. There are five groups that fit in this category. Surviving spouses, those that are disabled, folks that are terminally sick, people that are not more than 10 years younger than the deceased, and minor children.

Check out this week's blog below to learn more.

Rick Fingerman, CFP® and Lyman H. Jackson, CFP®
What is the IRS thinking?

If the regulations change to move away from the 10-year rule where one could leave an account they inherited dormant for 10 years and instead, go back to the annual required distribution rule, then those that inherited an IRA from a non-spouse in 2020 or 2021, would be required to make sure they took their distribution to steer clear of the 50% penalty. 
We Specialize In Three Areas
Whether in retirement or nearing retirement, our disciplined approach will help ensure you are on track
Women in Transition
Recently widowed or divorced, our compassionate approach will give you peace of mind and a sense of empowerment
Paying for College
With skyrocketing costs and little time left to save, without a college plan, one's retirement could be in jeopardy
The Gladiator Diet and the First Studies on Vegetarian Athletes

Comparing the diets of the Roman gladiator “barley men” and army troopers to the modern Spartans of today and meat-eating athletes are put to the test against veg athletes and even sedentary plant-eaters in feats of endurance.
Meet Maggie Dolan!

Maggie is our Client Service Specialist here at Financial Planning Solutions, LLC. She brings years of industry experience and is an integral part of our team. She strives to provide the highest level of service to our client's needs.
Architect Reveals Hidden Details of Washington, D.C.

Today Architectural Digest takes you to Washington, D.C. for a walking tour of The National Mall with architect Nicholas Potts.
9 States With No Income Tax

The benefit of moving to a state with no income tax is pretty straightforward: you don’t have to pay state income taxes on money you earn.
A Visual Guide to Stock Splits

You've probably heard the term "Stock Splits".

Here is a great visual explaining how they work and why they are done.

Recipe of the Week

Szechuan Tempeh and Broccoli

This version lets you enjoy the classic Szechuan stir-fry at home without all that grease and salt.
Quote of the Week

  "A thousand words will not leave so deep an impression as one deed."

Henrik Ibsen
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Financial Planning Solutions, LLC ("FPS") is a fee only Registered Investment Advisor ("RIA") located in the Commonwealth of Massachusetts. FPS provides asset management and related services for clients nationally. FPS will notice file and maintain all applicable licenses as required by the various states in which FPS conducts business, as applicable. FPS renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion. 
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