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MARCH 2021 ■ www.ReporterNewspapers.net Arts & Entertainment | 23 Linscomb & Williams is not an accounting firm. Subsidiary of Cadence Bank. Investment Products: Not insured by FDIC. Not bank guaranteed. May lose value. Not insured by any Federal Government Agency. Not a bank deposit. MJCCA Book Festival spring series to host authors virtually UNITE THE CALL TO Voices of Hope and Awa l-ilKed by TIM SHRIVER ami TOM ROSSINRT Epilogue by Marla Shriver Microsoft founder Bill Gates was scheduled to speak about his new book “How to Avoid Climate Disaster: The Solutions We Have and the Breakthroughs We Need” at the virtual series on Feb. 24, after the Reporter’s press time. The schedule includes: March 7: Mark Gerson, “The Telling” March 11: Annabelle Gurwitch, “You’re Leaving When?” March 21: Lisa Scottoline, “Eternal” March 22: Tim Shriver, “The Call to Unite” March 25: Sue Monk Kidd, “The Book of Longings” BY SAMMIE PURCELL The Marcus Jewish Community Center of Atlanta Book Festival will host a plethora of authors and guests with its virtual “In Your Living Room Series.” The “In Your Living Room” series began in February and will have virtual events through April. Among the scheduled guests are CNN anchor Brooke Baldwin, bestselling novelist Sue Monk Kidd and Special Olympics Chairman Tim Shriver. April 7: Brooke Baldwin, “Huddle” April 11: Daniel Lee, “The S.S. Officer’s Armchair” April 15: Tovah Feldshuh, “Lilyville” April 25: Dr. Robert Leflcowitz, “A Funny Thing Happened on the Way to Stockholm” For more details, see the MJCCA’s website at atlantajcc.org. WORTHWHILE CONVERSATIONS REQUIRED MINIMUM DISTRIBUTIONS OR MAXIMUM CONFUSION? “MAXIMUM CONFUSION?” - WHAT ARE WE TALKING ABOUT HERE? The IRS specifies Required Minimum Distributions, or "RMDs", that you must withdraw from IRAs, 401 (k)s, and other retirement accounts at certain ages. People seem to know these rules exist and that penalties for mistakes are hefty, but most don't know the details. In 50 years of talking with families, we've observed that many people worry significantly about this area of their planning. WHAT KIND OF DETAILS? We hear many questions...I'm turning 72 (the new updated magic age); When must I take my first required minimum distribution? Should I delay my first distribution to year 2, as allowed by the rules? Do I have to wait until the day I'm actually 72 to start my distributions? Can I wait until I'm 72 to take distributions from an inherited IRA account? I'm still working past 72 and in a 401 (k) plan - do I have to withdraw money from it? Can I roll over my RMD amount into a Roth IRA after paying the required taxes? WOW, THIS IS STARTING TO SOUND LIKE A “MINEFIELD”... It CAN be complicated. The key is to do the necessary homework, because these RMDs are just one piece of the retirement puzzle, and should be part of a well-coordinated plan. Our Wealth Planning Committee is a group of attorneys, CPAs, MBAs, and other professionals who meet regularly. They discuss and analyze how to meet RMDs while maximizing a family's after tax cash flow. Committee Chairman, Phillip Hamman, CFA, CFP®, likes to say, "The RMD rules ARE complicated, but they offer excellent planning opportunities.” Families unable to invest the time for homework should seek help. ANYTHING TO WATCH OUT FOR? Most important: Seek independent and unbiased advice from an advisor obligated to act as your fiduciary, rather than someone with an agenda to sell financial products. This fiduciary business model is what we follow at Linscomb & Williams. We are ready to sit down for a no-cost, no-obligation, exploratory conversation either virtually or at our office. Imagine the peace of mind from eliminating confusion about this and other important areas of your finances. LINSCOMB WILLIAMS WEALTH MANAGEMENT SINCE 1971 2727 Paces Ferry Road SE Building Two, Suite 1475 Atlanta, Georgia 30339 770 333 0113 www.linscomb-williams.com CADENCE„„ Atlanta Wealth & Pension Team
