In this maiden voyage of the Money Management podcast, meet our host, Ed Newton, as he puts things into context to help us understand when and where we are. Reflecting on the technological and financial highlights and surprises of the last few decades, we are reminded that the future is not always predictable, but that we are living in one of the best possible times to be alive.

Ed shares some best practices around required minimum distributions (RMD). RMDs can be tricky to navigate, and if you are around the age of 70 you need to be aware of potential penalties for not taking your RMD. These RMD penalties can be as high as 50% of the amount not taken.

Ed also has some good news about increases in 401K and profit-sharing plan contribution limits for the new year– most people will see an increase in allowed contributions. Find out if YOUR contribution limit for your retirement or profit-sharing plan has been increased!

The Economy and the Virus

Money Management with Ed NewtonBy Ed NewtonJul 09, 2020