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Financial Advisor

2017 Year End Reminders

Required Minimum Distributions (RMDs)

Reminder that if you are 70+ years old, you need to take a minimum amount of money from any IRA you have.  Click here for a reminder on what an RMD is or contact a Financial Advisor at Hummel Group for more information.

 

It's Time for Baby Boomer RMDs!

In 2016, the first wave of baby boomers turned 701/2, and many more reach that milestone in 2017 and 2018.  What's so special about 701/2?  That's the age when you must begin taking required minimum distributions (RMDs) from tax-deferred retirement accounts, including traditional IRAs, SIMPLE IRAs, SEP IRAs, SARSEPs, and 401(k), 403(b), and 457(b) plans.  Original owners of Roth IRAs are not required to take RMDs.

Benefits Buzz December 2017

Did You Know?

According to the annual Kaiser Family Foundation and the Health Research & Educational Trust employer health benefits survey, over half of large employers have embraced telemedicine, with 63% offering health care services through this method.

Of these employers, 33 percent offer financial incentives to receive health care services this way, as opposed to an in-person physician visit.

Donating to Disasters and Avoiding Scams

Hurricane Harvey was the strongest storm to make landfall in the United States since Hurricane Charley in 2004 and we will soon have Irma, an even stronger storm crashing into our shores this weekend.  News of the damage Harvey has caused to southeastern Texas is prompting people to help in whatever ways they can and we are certain that the same will occur with Irma.

Helping Your Child Make the Transition from High School to College

Though you won't be able to ride along in your child's suitcase, there are ways you can help him or her make the adjustment to college.  You can start by talking with your child about certain subjects before he or she leaves for college and familiarizing yourself with the emotions that he or she will likely face in the first few weeks and months.  Then, you can provide a comforting shoulder to lean on.

Quiz: How Much Do You Know About Social Security Retirement Benefits?

Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program?  Test your knowledge, and learn more about your retirement benefits, by answering the following questions.

Questions

1. Do you have to be retired to collect Social Security retirement benefits?

a. Yes

b. No