401(k)s 401(k)s What is a 401(k)   A 401(k) is a retirement savings plan sponsored by an employer. The plan allows you to set aside money from your paycheck into a 401(k) account and invest it. The idea is that your money will hopefully grow inside the 401(k) over the […]

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Trusteed IRA

Trusteed IRA Submitted by Southwest Investment Advisors on May 17th, 2019 Trusteed IRA   Overview A Trusteed IRA, also known as an individual retirement trust (IRT), is a trust account that provides preservation and control of a client’s IRA assets. It allows clients to combine their estate planning and retirement […]

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Required Minimum Distributions (RMD)s Explained

Required Minimum Distributions (RMD)s Explained Uniform Distribution Table   Source: IRS, Publication 590-B Appendix B, Table III (2017)   RMDs   1.For calculation purposes, the new IRS Uniform Distribution Table assumes a life expectancy based on the owner’s age and an assumed beneficiary who is 10 years younger. It usually […]

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