Turning 65 years old has traditionally been associated with retirement and enrollment in federal benefit programs. However, people with disabilities may already be receiving federal benefits through Social Security, Medicaid, and Medicare before they turn 65. Disabled individuals who qualify…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on May 15th, 2024 to discuss“When Can I Withdraw Funds from my IRA without a Penalty?” https://youtu.be/YD_gAJVgzFc Vincent J. Russo discusses Individual Retirement Accounts (IRAs) and…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/YD_gAJVgzFc 42.2 percent of all US households have IRA accounts, which equates to 55.5 million US Households. IRAs are an important component to retirement planning, but what if you…
A 2023 Retirement Income Literacy Study conducted by the American College of Financial Services revealed that most adults ages 50 to 75 lack knowledge about retirement income. With this lack of knowledge came a lack of confidence about achieving the best possible…
This is a reminder, with a few days left in the year, to make sure you take advantage of your retirement contributions. In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response…
Across the country, demographics and cultures are evolving. As the baby boomer generation continues to age, the way states set their budgets and health care policies must adapt. The focus will be on the needs of people under 50 with changing…
After spending decades working hard, saving money, and planning, most people look forward to retirement. Once retired you may feel tempted to cut loose a bit and forget about tax planning, but one of the keys to a successful retirement…
If you are wondering about the future of Social Security, you are not alone. Many of us can surmise that Social Security may see its shortfalls and challenges eventually, but what is the actual prognosis? The Federal government contends that,…
What is the IRA Charitable Rollover and how does it work? The Individual Retirement Account (“IRA”) Charitable Rollover is a “Qualified Charitable Distribution” which allows the IRA owner, who is 70 ½ or older, to make tax free gifts of…
Couples in their 60s may be found discussing upcoming vacations, their children and potential home improvements. However, there is one vital subject that is often ignored: their future retirement. Failing to discuss important details of retirement such as, where and…