Insight Financial Strategists, LLC

If you're still working, do you have to take RMDs (Required Minimum Distributions) from your 401(k)?

I helped tackle this question in a recent MarketWatch article. 📰

You have a lot of options! Check out the link to the article in the comments, and if you want to go through the options that would work best for your scenario, give me a call!
https://www.marketwatch.com/picks/im-72-and-still-working-with-500k-in-my-401-k-i-dont-want-to-take-rmds-what-options-do-i-have-612ee669

One of the most important retirement planning assumptions is also one of the easiest to underestimate: how long retirement may last.

Most people think about their own individual life expectancy. But for married couples, that often isn’t the right planning number. In many cases, the more important question is how long the second spouse may live.

That changes the math considerably.

The chart shows there is a meaningful chance that at least one spouse in a couple will live into their 90s. For healthier, higher-income households, that possibility may be even greater than the population averages suggest.

Living longer is good news. It also means your portfolio, income plan, healthcare planning, and inflation strategy may need to last longer than you originally expected.

A strong retirement plan does not just help you get to retirement. It helps prepare you for the retirement you may actually experience.

What age are you planning for?

When oil prices move, the effects tend to extend far beyond the energy sector.

Gas prices have recently approached ~$3.88 per gallon, reflecting broader increases in oil prices. While this is immediately visible at the pump, the impact can be more widespread.

Energy costs influence transportation, production, and supply chains, which can contribute to broader inflation trends.

Some projections suggest that if oil prices remain elevated (around $100+ per barrel) developed economies could see inflation increase by approximately 1%.

From there, inflation expectations can influence interest rate expectations, which in turn may affect multiple areas of the economy and financial markets.

It’s a reminder that many economic variables are interconnected—and small shifts in one area can lead to broader ripple effects.

If you have a 529 with money left, you can keep it from going to waste by moving part of it into a Roth IRA for the same person.

For example, if Mia, age 23, 👩‍💻is working her first job with $12,000 still in her childhood 529, she can move that money into an IRA over time.

Because the account has been open more than 15 years and she has earned income this year, she can roll a slice into her Roth IRA up to the annual Roth limit, then do another slice next year, and repeat until she reaches the lifetime cap. 💰

There is some fine print - if you want to map out what this can look like for you, give us a call!