There are times when moving your money isn’t just a good idea, it’s necessary. Figuring out *when can help you protect your investments, reduce your taxes, and stay aligned with your long-term goals. In this video, Peter with Richon Planning and Erin Kennedy detail the 8 moments you should move your money. They are:

-Rebalancing

-Roth conversions

-Age 59 1/2, the in-service distribution

-Leaving a job

-Fees are too high

-Under performing

-Your time horizon has changed

-Consolidating accounts

Ready to take action? Download “The Countdown to Retirement”—a guide that challenges conventional wisdom and helps you craft a plan that safeguards your lifestyle, comfort, and peace of mind. And don't forget to check out the other videos in this special series, as we Countdown to Retirement! Visit www.RichonPlanning.com, or call Peter at (919) 300-5886. 📚

‎As of April , about 60,000 people have been laid off or fired, including thousands more at U.S. health agencies. With the markets rattled and a potential recession on the way, a lot of people are worried about their job right now. In this video, Peter with Richon Planning and Erin Kennedy outline 4 action steps you should take if you've been laid off, or if you're concerned you might be:

File for Unemployment

Update Your Resume

Review Your Severance, Final Paycheck, and Unpaid PTO Review Your 401(k) and other Retirement Accounts

If you've been affected by these layoffs, please reach out to your support system and consider speaking with a financial advisor who can help guide you through this time and suggest the best next steps. If you'd like to speak with Peter about how this could affect your savings and your financial goals, please call (919) 300-5886 or visit www.RichonPlanning.com

New rules for Required Minimum Distributions could catch retirees off guard—especially if you're turning 73 this year. One key headline: RMDs now have to be the first money out of your account. From stricter timing requirements to steeper penalties, the IRS is cracking down. In this video, Peter with Richon Planning talks through the new rules with Erin Kennedy, including:

-What “first money out” means for your accounts and rollovers

-Why QCD timing is more important than ever

-The costly mistake 73-year-olds need to avoid

If you'd like to make sure you’re ready for these 2025 changes, or if you'd like to discuss other strategies to minimize the tax burden that comes with Required Minimum Distributions, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com