Pyke & Associates Archives - Page 10 of 10

IRA Distributions: Can I Avoid the Tax?

It's that time of year again. The administrator of your tax-deferred account (IRA or 401K) will call advising you on your required minimum distribution (RMD). Often, the account holder's response is, "Darn, here's the government making me pay taxes on this money." Therefore, their goal is to take only the minimum distribution and pay the [...]

How Can I Plan for Medical Expenses in Retirement?

dpl_admin2022-10-20T16:36:04+00:00October 21st, 2019|Tags: Estate Planning, Medicare Part B, Medicare Part C, Medicare Part D, Medigap, Pyke & Associates|

Many retirees or people considering retirement forget to budget for healthcare when they are planning for retirement. After all, most employees receive health insurance through their employer. However, medical expenses are one of the largest expenses of a retired person, and the costs are often underestimated. There are generally four types of health care [...]