Understanding Required Minimum Distributions (RMDs) (Jan 22, 2020)

Required Minimum Distributions (RMDs) are an important part of your financial landscape in retirement. Most people must start taking RMDs from qualified retirement accounts at age 72 (previously 70 ½). Here’s what you need to know about RMDs: what RMDs are, accounts subject to RMDs, important deadlines, and more. Understanding RMDs will help avoid penalties and optimize your distributions for tax purposes.

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Age 72: Required Minimum Distributions (RMDs) (Jan 22, 2020)

Congratulations on celebrating your 72nd birthday! Age 72 is the age at which most people must begin taking Required Minimum Distributions (RMDs) from Traditional IRA and other qualified retirement plans. SageVest Wealth Management discusses the various factors to consider about RMDs at age 72 here.

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Important Estate Planning For Children Post The SECURE Act (Jan 21, 2020)

The SECURE Act of 2019 imposes significant changes for inherited IRAs received from an account owner who dies post December 31, 2019.

The law previously allowed beneficiaries of inherited IRAs the ability to ‘stretch’ IRA distributions over their lifetime. This helped to reduce the tax burden of inherited IRA distributions by potentially extending distributions over many years, particularly for younger individuals.

The passing of the SECURE Act dramatically limits the ability to defer distributions from inherited IRAs received from a decedent who dies as of January 1, 2020 or later. The new law requires all inherited IRA assets to be distributed within 10 years of the IRA owner’s death, with a few exceptions, including for minor children.

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How The SECURE Act Affects You (Jan 6, 2020)

2020 brings a number of changes to IRA and retirement plans as a result of the SECURE Act, signed into law in late 2019. The changes are broad, impacting virtually everyone, whether you’re a student, younger, older, preparing for retirement, in retirement, an employee or an employer. Here are the top aspects you need to know about how the SECURE Act affects you.

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2019: A Year To Celebrate For Investors (Jan 2, 2020)

2019 was a year to celebrate for investors, despite negative headlines about trade wars and slowing global growth. We discuss our thoughts on what supported stellar investment market performance in 2019 and trends that might carry over into 2020.

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Jennifer Myers Recognized As A Five Star Wealth Manager (Dec 11, 2019)

At SageVest Wealth Management, the financial success of our clients is our number one priority. Our repeatedly recognized investment management and financial planning services are personalized to reflect your specific needs, as an individual, a family, or business owner. We place great importance on establishing a relationship with you, our client, always placing your best interests at the forefront of our recommendations.

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Fee-Only vs. Fee-Based Advisors: Knowing What You’re Paying (Dec 10, 2019)

When searching for a financial advisor you may come across the terms fee-only and fee-based. While the names are similar, the two approaches are fundamentally different, and can greatly affect the quality of the financial advice you receive. Here we discuss the key differences, and the questions you should ask when interviewing a prospective advisor.

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Washingtonian Top Wealth Advisor 2019 (Nov 25, 2019)

We are honored to announce that Jennifer Myers was recently recognized by Washingtonian Magazine as a Top Wealth Advisor for 2019. This is the fifth time Jennifer has been recognized by the Washingtonian for her wealth management initiatives.

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NoVA Top Financial Professional Award (2019) (Aug 27, 2019)

Did you know that, of the highest-income counties in the US, five of the top 25 are located right here in Northern Virginia? They are: Loudon, Fairfax, Arlington, Prince William, and Stafford counties. Maryland also boasts an additional five high-income counties [1].

SageVest Wealth Management is proud to serve each of our clients throughout the NoVA, MD and DC area, as well as nationwide. SageVest is headed by Jennifer Myers, recent recipient of a NoVA Top Financial Professional Award.

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