News

Sunday December 15, 2019

Our News
Exciting events are happening at Washington County Community Foundation
Thank you for your interest in Washington County Community Foundation. Our hope is to serve you and your family with helpful information.
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Savvy Living
What to Do When Medicare Denies a Claim
How do I go about a filing an appeal with Medicare when they will not pay for something that they covered in the...
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Washington News
IRA Required Minimum Distributions By December 31
In IR-2019-203, the Service reminded taxpayers born before July 1, 1949 that they should take a required minimum distribution (RMD) by December 31. The one exception is for IRA owners who turned age 70½ in 2019. These individuals may delay their first RMD until April 1, 2020. However, if they delay the first RMD, they will also need to take a second RMD by December 31, 2020. RMDs are required for most qualified retirement plans. They apply to three types of IRAs. These are Individual Retirement Arrangements, Simplified Employee Pension (SEP) IRAs and Savings Match Plans for Employees (SIMPLE) IRAs. The RMDs also apply to 401(k), 403(b) and 457(b) plans. An exception to the RMD withdrawal requirement is a Roth IRA –there are no distribution requirements for this plan as long as the original owner is living. Most taxpayers take the RMD based upon the Uniform Lifetime...
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Personal Planner
How to Fund Your Living Trust
A revocable living trust is one of the principal estate planning methods. While everyone should have a will, there are...
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