HOW ARE RMDS CALCULATED?

Posted by Richard Winters, CFP®, CRPC®
On March 16, 2020

RMDs, or Required Minimum Distributions, are calculated by dividing your traditional IRA or retirement plan account balance by a life expectancy factor specified in either the Uniform Lifetime Table or the Single Lifetime Table. Your account balance is usually calculated as of December 31 of the previous year. You are allowed to defer your first RMD (the year […]

FINDING A COPILOT FOR FINANCIAL ADVICE

Posted by Michael Kane, CFP®
On October 18, 2018

For the last 30 years, RAA has been focused on serving the financial needs of airline pilots and their families. A part of this commitment requires us to continually understand how pilots are utilizing financial advice, how satisfied pilots are with the support they receive, and what value pilots are gaining from the relationship with […]

HOW MUCH IS ENOUGH FOR RETIREMENT?

Posted by Robert Gecker, CRPC®
On September 10, 2018

“How much is enough” is one of the biggest questions that you will face during your final years in the workforce. Do you need $1 million to live the retired life you dream of? $2 million? $3 million? The short answer is that everyone’s amount will be a bit different. In this article, we explore […]

TEMPORAL DISCOUNTING

Posted by Brad Bridgewater
On June 10, 2017

Carpe diem: seize the day. Many take this to mean they should live in the moment, let go of the past, and let the future worry about itself. In the financial world, this mindset takes the form of temporal discounting. Temporal discounting is the tendency for people to put a greater value on what is happening […]