I am a little under the weather, and so I appreciate that I have this guest post from TJ Valenzuela at Trust Administration Services today! It’s about waiving retirement RMDs. Enjoy!
With the passing of The Worker, Retiree and Employer Recovery Act of 2008, the penalty for not taking an RMD, or required minimum distribution from retirement accounts, for individuals 70 1/2 or older will be waived for 2009. This can have a number of benefits for people nearing retirement.
In the past, retirement account owners who are at least age 70 1/2 have been required to withdraw the RMD from their …read more

I’ve been thinking about my parents a lot lately, since they are approaching retirement age. My husband’s dad retired last year, and his mom expects to retire this year. So I’ve been contemplating their situations. I also had a brief email conversation with Patrick over at Cash Money Life in which he wondered how many people are considering putting off retirement because of the current economic issues. So, really, it is no surprise that over this past weekend I’ve received a few emails to this effect:
I’m a couple of years away from retirement. Should I put it off for a …read more

SO, with the Senate trying its darnedest to revive the ailing bailout bill, Dave Ramsey has revealed his thoughts on the financial crisis. I read about this over at All Financial Matters. And I think it’s worth a look because a lot of it makes sense. Here’s an overview of Dave Ramsey’s solution to the financial crisis:
I. INSURANCE
A. Insure the subprime bonds/mortgages with an underlying FHA-type insurance. Government-insured and backed loans would have an instant market all over the world, creating immediate and needed liquidity.
B. In order for a company to accept the government-backed insurance, they must do two things:
1. …read more