Required Minimum Distributions (RMDs) — the minimum amounts retirees are required to withdraw from their retirement accounts each year — resumed in 2021 after being suspended in 2020. An update to the formulas the IRS uses to calculate RMDs could mean you’ll be required to withdraw less money in 2022. Here’s what you need to know.
2021’s Influencers in Aging | Next Avenue
The term “influencer” might conjure images of young social media stars and celebrities who help define what’s trendy and what’s not. Here are some entrepreneurs, authors, academics and others working to change perceptions about getting older.
You Can Deduct Up To $300 in Charitable Donations This Year—Even If You Take the Standard Deduction | CNBC
If you don’t itemize your tax deductions, you might not bother keeping track of the receipts from any charitable donations you make. But a change in the law during the COVID-19 pandemic means even those who take the standard deduction can write off some donations made in 2021 — up to $300 for individuals or $600 for married couples filing jointly.
The Best Wearables for Seniors | Yahoo!
Today’s wearable tech like smartwatches can do more than just count steps — they can keep track of important vital signs, detect falls, and put helpful features like voice control right on your wrist. If you’re shopping for the tech-savvy senior in your life (or shopping for yourself), here are some good options.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.