If you’re not a financial practitioner, you may have missed the news that the Security and Exchange Commission’s (SEC) Regulation Best Interest (Regulation BI) rule took effect on June 30 of this year. The rule doesn’t require anything of investors and is aimed at financial advisors offering investment advice and recommendations, but what is Regulation BI, how does it impact you and can it offer you a fiduciary level of care?[read more]
What is Regulation Best Interest and How Does It Impact you?
Anastasia Wiese Describes RMD Put-Backs
Did you take a Required Minimum Distribution (RMD) from your IRA earlier this year? If so, to help with the financial fall-out from COVID-19, the IRS is allowing you to reverse your 2020 RMD distribution … but you must act by August 31. In a July 28th Grand Rapids Business Journal column, Anastasia Wiese, JD, CFP® describes how the RMD “put-back” works, and whether to consider taking advantage of the opportunity.[read more]
Planning for College Costs: 529 Plans and More
According to the latest College Board analysis, the average cost (tuition, fees, room and board) for a public, four-year, in-state institution topped $17,800 for the 2012–2013 academic year. And that figure is a bargain compared to out-of-state or private four-year institutions,[read more]