Transcript: Tom Vaughan: Hello, everyone, welcome to Wednesday. The S&P 500 was up about a quarter of a percent today, and the big news was around the inflation number that was reported today. So, the inflation was a little bit lower than expected, and it was a little bit lower than previous months, which in
Transcript: Katie Nealis: How is Social Security taxed? Tom Vaughan: So Social Security is taxed based on your combined income, which is your adjusted gross income plus your non taxable interest. So that’s kind of your Muni bonds, and then half of your Social Security benefits. And so if you’re below 25,000, as a single
Plan Carefully to Maximize your RMDs Transcript: Katie Nealis: I am 71, I’m going to take my required minimum distributions next year. How do they work? Tom Vaughan: So this is a very common question. Because the requirement of distributions are a little bit confusing and total. And they’re required. So you turn 72, and