Financial News and Updates Articles by Charles W. Rawl

IRS Issued New Rules for IRA Required Minimum Distributions (RMDs)

Charles W. Rawl & Associates Offers This Guide to the New RMD Rules What Took Effect in 2024 and What’s New in 2025 and Beyond? The SECURE Act and its successor SECURE 2.0 introduced significant changes to the Required Minimum Distribution (RMD) rules for retirement accounts. These changes were intended to modernize how required minimum IRA distributions are handled, and as expected, they have led to plenty of confusion. The July 18, 2024 IRS publication clarifies several key points, including the treatment of trust beneficiaries, aggregation of RMDs, [...]

By cwrawl|February 12, 2025|Categories: Articles|Tags: IRAs, RMDs|

Identifying New Risks is Key to Achieving a Fully Risk Managed Retirement Plan

It’s all about preserving and protecting what you’ve worked a lifetime to build You’ve worked your entire life managing a myriad of risks in all areas of life. In the working years, we are exposed to risks quite different from retirement risks. Before retirement, we are confronted with the risks of redundancy and downsizing, businesses failing, economies collapsing, mortgages being put under pressure or stress, and quite a few more. Entering retirement means facing a whole new set of risks. Becoming risk managed in retirement is all about [...]

By cwrawl|November 15, 2024|Categories: Articles, Smart Investing|Tags: Retirement Planning, Risk Managed|

New Rule: All IRA RMDs Must Be Satisfied Prior to Doing a Roth Conversion

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Andy Ives, CFP®, AIF® IRA Analyst Yes, you read that title correctly. This rule was confirmed in the 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different custodians, the total [...]

By cwrawl|November 4, 2024|Categories: The Slott Report|Tags: IRAs, RMDs, Roth IRA|

Diversification of Income Streams is Key to Achieving an Income Maximized Retirement Plan

Tailored strategies create income streams from multiple, diversified sources One critical outcome in your retirement income plan is to become income maximized. This may seem obvious, but not so easily achieved. We can’t snap our fingers and immediately turn a portfolio that’s been accumulation-focused for years into an income maximized portfolio designed to provide a lifelong retirement income stream. Becoming income maximized helps you do more than “only making your money last up to your finish line.” It helps you get past your finish line and allows the [...]

By cwrawl|November 1, 2024|Categories: Articles, Smart Investing|Tags: Income Maximized, Retirement Planning|

Charlie Rawl Completed Advanced Training on New IRS Rules Including SECURE Act Regulations

Members of Ed Slott’s Master Elite IRA Advisor Group attend semiannual workshop October 24-25, 2024. The invite-only workshop offered advanced training on retirement account planning strategies, recent tax law changes, and estate planning techniques, featuring the latest updates from the nearly 300 pages of new tax rules released by the IRS in July, including the final SECURE Act regulations and SECURE 2.0 proposed regulations. “With every new law and regulation, the retirement planning landscape becomes more intricate, creating both fresh opportunities and challenges for Americans,” said Ed Slott, CPA. “These [...]

By cwrawl|October 26, 2024|Categories: News|Tags: Ed Slott Elite Advisors, IRS, SECURE Act|

Tax Diversification is Key to Achieving a Tax Savvy Retirement Income Plan

A tax-savvy plan contains money in three tax buckets One critical outcome in your retirement income financial planning – on the journey toward a Wonderfully Rich Retirement – is for your plan to become tax savvy. It’s important to manage your taxes each year, and even more important to manage your lifelong taxes. A tax savvy retirement income plan means managing both annual and lifelong tax obligations. It contains money in each of three tax buckets: pre-tax income, such as from your 401(k) account or IRA; after-tax income, [...]

By cwrawl|October 11, 2024|Categories: Articles, Smart Investing|Tags: Retirement Planning, Tax Savvy|

Honoring Jay McKinney’s Commitment to Service

Major Jay McKinney (U.S. Army, Retired) is Vice President of Sales at Barnabas Capital and lives with his family in Kannapolis, North Carolina. Jay is the Allianz annuity representative for Charles W. Rawl & Associates. He supports our business with Allianz Life and other registered indexed annuities. Jay was called to serve by the North Carolina National Guard and deployed to support critical search and rescue operations and provide logistical support to those in need in Western North Carolina immediately following the devastation caused by Hurricane Helene. The storm has [...]

By cwrawl|October 7, 2024|Categories: News|

Zach Rawl Joins Charles W. Rawl & Associates as Insurance and Risk Management Analyst

Zach Rawl has joined Charles W. Rawl & Associates as insurance and risk management analyst. Zach joins the firm after nearly four years at National Western Life Insurance Company in Austin where he excelled as a sales associate and then as regional wholesaler. His primary focus will be the analysis, design, and servicing of life insurance and annuity solutions, as well as designing and implementing creative strategies to fund long-term care. Zach will also help the team review and implement risk management strategies for our clients. Zach graduated from The [...]

By cwrawl|September 27, 2024|Categories: News|Tags: Life Insurance|

New SECURE Act RMD Rules Announced by the IRS

Three weeks ago, the IRS released the long-awaited SECURE Act RMD proposed regulations. As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. On July 18, 2024, the IRS issued both final regulations under the 2020 SECURE Act and proposed regulations under the SECURE 2.0 Act of 2022. These long-awaited new regulations impact many [...]

By cwrawl|August 6, 2024|Categories: News|Tags: IRAs, IRS, RMDs, Taxes|

How Are RMDs Calculated in the 10-Year Period

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Ian Berger, JD IRA Analyst In the July 22, 2024 Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a controversial position it had [...]

By cwrawl|July 24, 2024|Categories: The Slott Report|Tags: IRAs, RMDs, Taxes|

Charlie Rawl is keenly focused on helping his clients work toward their retirement dreams through a comprehensive financial strategy. He has distinguished himself throughout his career as a troubleshooter and problem-solver, designing and implementing creative solutions to often-complex challenges.

He has three decades of experience in financial services, encompassing commercial banking, insurance and investment management. This diverse experience gives him an invaluable perspective in conducting detailed analyses and creating state-of-the-art wealth management and retirement income solutions.