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Straight Talk Clear Decisions

Straight Talk Clear Decisions

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May 22nd 2015:The Real Cost of 'Do It Yourself' Retirement Planning How One Overlooked Strategy Could Cost You

Are you attempting to plan your own retirement? To do it yourself? Be careful here. That’s a dangerous game you’re playing. One overlooked strategy could cost you. Think about it … What if you miss RMDs (required minimum distribution) on your IRAs and have to pay a 50% penalty on the amount you should have drawn ?! What if you didn’t understand how to truly optimize your social security benefits, and you left tens of thousands of dollars on the table? Or what if you overpaid thousands in taxes, you first have to recognize what you missed and then refile/amend within 3 years

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