This week was RMD week as we trued up any shortages for those on monthly distributions, made many RMD’s for non Required to even out taxes over the years and made one time journals and deposits for regular RMD mandated….
Quick explanation of a few of the many items we take into account:
Tax Rates – Current, brackets, potential future taxes (toughest to estimate)
IRMAA – Income Related Monthly Adjustment Amount for those on Medicare – from our handy 2024 Tax Cheat sheet
General Needs – Now and future
Asset locations – That may effect future distributions
Just to name a few….
With everyone thankfully receiving these email updates, here from our Blog — if you see some movement, that is what is going on!
Oh… we are not totally complete….but well over half way!
With a 50 degree temperature swing… Fall is in the air…
Have a fun Friday and a super weekend!!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
