Hello Performance Wealth Family!
We hope you enjoy this installment of our monthly newsletter and welcome your input to making your experience better at every turn. We’re constantly doing our best to improve so we welcome your feedback.
All the best,
– Shay Woodward IV, President
Congress has ended two popular Social Security claiming strategies, but depending on your age, you may still be able to take advantage of these options.
For most people, the due date for filing a 2015 federal income tax return is Monday, April 18, 2016. As that day approaches, here are a few things to keep in mind.
When it comes to your finances, some birthdays are more important than others. Take this quiz to see if you can identify the ages that might trigger financial changes.
The law requires that you begin taking distributions, called "required minimum distributions" or RMDs, from IRAs and most employer retirement plans when you reach age 70½ (or in some cases, when you retire), whether you need the money or not.
In general, you must take your RMDs no later than December 31 of each calendar year to avoid a 50% tax penalty. However, you have the option of delaying your first distribution until April 1 of the following calendar year.