The January Financial Counseling call with AFCPE and FPA will be held on Thursday, January 16th at 12 pm ET.
Guest speaker Barbara O'Neill will be presenting, "Tax-Deferred Retirement Savings Plans in Later Life."
Many U.S. workers have tax-deferred retirement savings accounts such as traditional IRAs, SEP-IRAs, and qualified employer retirement savings plans (e.g., 401(k)s, 403(b)s, 457s, and the Thrift Savings Plan). Many of these accounts are started with the assumption that one’s marginal tax bracket will be lower in later life than during working years. This may or may not actually be the case. Some older adults with multiple streams of income are surprised to see that their income actually increases. This webinar will discuss tax-deferred accounts from the viewpoint of older adults including income withdrawal strategies, required minimum distributions (RMDs), portfolio rebalancing, tax minimization strategies, beneficiary designations, tax withholding, and more.
Dr. Barbara O’Neill, CFP®, AFC® is the owner/CEO of Money Talk: Financial Planning Seminars and Publications where she writes, speaks, and reviews content about personal finance. A Distinguished Professor Emeritus at Rutgers University, after 41 years of service as a Rutgers Cooperative Extension educator and personal finance specialist, she has written over 190 articles for academic publications and received over 35 national awards and over $1.2 million in grants to support her financial education programs and research. Dr. O’Neill is a past President of the Association for Financial Counseling and Planning Education (AFCPE), a recipient of the AFCPE Distinguished Fellow Award, and a Next Gen Personal Finance fellow. She tweets personal finance information @moneytalk1, writes weekly posts for her Money Talk blog, and is the author of Flipping a Switch, a book about 35 later life transitions, published in 2020.