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retirement planning

Required Minimum Distributions

Understanding Required Minimum Distributions

Breaking down the deal with Required Minimum Distributions. After you turn 72 years old, you will need to take a minimum amount out of your traditional IRA accounts each year. This also applies to your 401k or 403b accounts if you are no longer working for the businesses sponsoring those […]

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MSU Retirement Plan Match Reduction. Old brick wall with lots of purple wisteria flowers covering it

Coping with the MSU Retirement Plan Match Reduction

In response to the financial uncertainty caused by the Covid pandemic, Michigan State University has reduced salaries and cut the match to employee retirement plans. Previously, the university contributed 10% to employee retirement plans if the employee contributed 5%. The university administration is calling the cuts temporary, in hopes of […]

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