Mr. Stillman's Opus

Most people have a basic knowledge of Required Minimum Distributions (RMDs) but few understand how they pertain to IRAs and 401ks, as well as the intricate timing details that are essential to preparing to withdrawal for tax payments. For a better understanding of the best times to withdrawal as well as avoiding penalties, join John and Ron as they discuss a letter Ron recently received shortly after a big birthday. Check out the show notes here: https://mrstillmansopus.com/retirement/getting-your-rmd-ducks-in-a-row/ 0:45 - RMDs for 401(k)s 2:45 – RMDs for IRAs 4:35 – Here’s an example: 5:34 – When do you have to make a withdrawal? 7:00 - In what scenarios would I carry it over? 7:58 - Avoid a loss in penalties! 9:04 – Another Octave 

If you think about it, planning for retirement is a bit like going to the grocery store. You need to know what you need, you need to know what you're paying, and at times, you need to purchase the more expensive product. These are just a few of the similarities. Join us as we unpack this analogy and help you shop for a meaningful retirement. Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/investing-strategy/the-retirement-grocery-store/

We often see people justifying their poor financial decisions by making excuses. We'll identify these excuses and explain why they lead to poor judgement. Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/retirement/four-dangerous-excuses/

March Madness is upon us, and everyone's excited for the upsets, buzzer beaters, and Cinderella stories. As a fan, it's an emotional time of year, and believe it or not, March Madness can teach us a thing or two about retirement. Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/lifestyle/lessons-from-march-madness/

Our clients often ask us whether they should accelerate their house payments in order to pay off their house early. Join us as we explore the pros and cons of this strategy. Click the link for more in-depth reading in a recent blog post: https://mrstillmansopus.com/real-estate/this-ones-on-the-house/