Insightful Articles & Education
Secure 2.0 Act Opens Door to Tax-Free Rollovers from 529 Plans to Roth IRAs
Three years had passed since the original Secure (Setting Every Community Up for Retirement Enhancement) Act of 2019...
What the Inflation Reduction Act Means for Your Medicare Coverage
The Inflation Reduction Act of 2022 was signed into law back in August. While a few minor provisions went into effect...
How Do I Appeal My IRMAA Social Security Letter?
'Tis the season for gratitude and hope. And it turns out, it is also the season when the Social Security...
Pension Termination
What Does Terminating a Pension Plan Mean? For current or former employees receiving a “Notice of Intent to Terminate”...
Summary of the 2022 Social Security Trustees’ Report
The Social Security Board of Trustees once again released their annual report in June of this year. The report...
Arch Coal Pension Plan – Understanding Your Benefit Options
It can always be confusing, almost scary for employees when a large company makes changes to their pension plan....
Summary of the 2021 Social Security Trustees’ Report
The Social Security Board of Trustees released their annual report at the end of August this year. The report...
Presidential Election, Volatility, and the Long View
Beyond how the election winner will certainly attempt to guide political, social, and environmental policies, there is...
CARES Act – Allows Return of Unwanted 2020 RMDs
One of the key provisions of the CARES Act, The Coronavirus Aid, Relief, and Economic Security Act that took effect...
Retirement Planning Case Studies
Case Study #1
Nearing Retirement
After accumulating wealth throughout the years, Dan and his wife Carol began thinking about retirement.
They currently hold a variety of investment accounts, including 401ks from different employers, stock options, an ESPP, and multiple brokerage accounts.
They have three adult children (one still in college) and two grandkids. Dan and Carol live modestly, own their home, and look forward to spending more time with family in retirement.
Case Study #2
Retired Without A Plan
Mark and Laura recently retired from rewarding careers and have lots of plans for the future.
They want to ensure that their retirement plan not only enables the lifestyle they have envisioned in retirement but that they have a plan to make sure they never run out of money.
Reducing taxes, improving investments, and creating a reliable income stream in retirement was their priority.
Case Study #3
Recently or Unexpectedly Widowed
Susan loved her husband Robert so. She never thought there would be a day without him there to share more memories, let alone to help guide her through difficult and confusing financial decisions.
After her period of mourning, she needed to be able to see and clearly understand all of her options, which removed a lot of her worries. She was able to move forward with their plans, confident in knowing that she would be well looked after.
(Note: These case studies are hypothetical, do not involve actual Iron Mountain Financial Planning clients, and should not be construed as a guarantee.)