A few details on productivity. The U.S. Labor Department released a few details from its fourth-quarter report on worker productivity. Manufacturing productivity increased 1.3% in the fourth quarter (higher than 1.1% third-quarter growth), while third-quarter nonfarm productivity growth was revised down to 2.2% (from the 2.3% initially reported). (LPL)
If you turned age 70 ½ sometime in 2018, then you must begin taking annual withdrawals from your IRA accounts no later than 4/01/19. If you delay your 1st withdrawal until then, you must also take a 2nd distribution by 12/31/19. The penalty for not taking a required minimum distribution is a penalty of 50%, plus tax on any amounts that were not withdrawn on time (Internal Revenue Service).
2.8 million Americans died in 2018. 4,000of those individuals, 1 in every 700 deaths, died with an estate worth more $11.2 million, the maximum dollar amount that can be passed estate tax-free. (Policy Center).
27% of Millennials spend more money on coffee than what they set aside and invest monthly for their eventual retirement. (Lendedu.com).
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.