Your first required distribution from an IRA or retirement plan is for the year you reach age 70½. However, you have some flexibility as to when you actually have to take this first-year distribution. You can take it during the…

Many people ask, “What is a SEP IRA and is it something I should consider”? Well a simplified employee pension plan (SEP) is a deferred-compensation arrangement that is similar to a profit-sharing plan. It can be set up by employers and self-employed individuals, as...

Turning 65 is a big life event, and thousands of baby boomers are doing it every day. Here’s what you need to know right off the bat: You must be 65 to enroll in Medicare—your spouse’s age doesn’t count. You may enroll in Medicare even if you’re not collecting Social...