BIONDO Perspectives

IRS Throws in the Towel with 2020 RMDs

By Casey Pisano

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, most of us were provided with what was referred to as “RMD relief,” meaning that we would not have to take required minimum distributions (RMDs) from our retirement accounts in 2020 if we did not want to for a number of reasons. While […]

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Proactive Steps in an Uncertain Environment

By The Biondo Team

In our continued effort to assist our clients with all things pertaining to their financial well-being, the following are some proactive steps that should be explored in these uncertain times. Apply for a loan under the Paycheck Protection Program. If you own a small business, you should begin the process of applying for the SBA […]

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The SECURE Act is Now Law.

By Casey H. Pisano, CFP®, AIF®

In our last newsletter we discussed proposed retirement reform that had bi-partisan support. Although we, along with the rest of the planning community, anticipated some significant change to IRAs and RMDs for non-spouse beneficiaries, we didn’t have an actual law to work with. As of December 20, 2019, we do have a law to work […]

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How Would the SECURE Act Affect Your IRA?

By Casey H. Pisano, CFP®, AIF®

Looming legislation may have an impact on plans to leave IRA accounts to adult children… Here’s why: The legislation would require certain beneficiaries to accelerate the distributions they’re required to take out of inherited IRAs. If your adult children beneficiaries are forced to take out sizeable amounts of money from the account, it not only […]

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