Together Investment and Retirement Services

Do you know your IRA Contribution Deadlines?

⚫ You have until April 15, 2025, to make a 2024 IRA contribution.

⚫ Once you reach age 73, you must begin taking RMDs from a traditional IRA in most circumstances. Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

⚫ To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

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🎾🏓 Is tennis facing an unexpected rival?

The rise of pickleball has caught the attention of tennis officials. Participation in the paddle sport has been booming by 223% in just three years! Pickleball now boasts 13.6 million U.S. players, closing in on tennis' 23.8 million.

The USTA is responding with "red ball tennis" programs to make tennis more accessible. Red ball tennis is an easier-to-play version that uses a larger, low-compression ball on a smaller court. It is designed to make the sport more accessible to beginners of all ages.

Both sports have their merits, with pickleball offering quick enjoyment and tennis providing a rich, nuanced experience.

What's your take? Are you team tennis, team pickleball, or do you think there's room for both on the court? 🤔


Source:

Does American tennis have a pickleball problem? Pickleball has quickly soared from nearly nothing to 13.6 million U.S. players in just a few years, leading tennis purists to fear a day when it could surpass tennis’ 23.8 million players.

Life have you curious? This month reminds us that it may be time to talk to your financial professional about life insurance. Whether you need to update your policy or find a new one, take this opportunity to learn more about life.

Several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

https://www.youtube.com/watch?v=nkUBnpPCLXI

David Fitzgerald: Financial Advisor David has been with Together Investment & Retirement Services since April of 2019 and has been in the wealth management industry since 2010.Prior to becoming...