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Financial planning news from around the web: April 25 – 29, 2022

Written on Apr 25, 2022

In case you missed them, here are some recent interesting financial planning news items from around the web. 

Game over for millennials seeking to retire early 
A new survey shows the true cost of playing around: If millennials saved the $86 that they spend on gaming each month, they'd have put aside $307,306 by the time they hit age 65. 

These states have the lowest tax burdens 
There are seven states that do not impose income taxes on their residents, and most of them are among the 10 with the lowest tax burdens, according to a new WalletHub’s report. 

IRS may close this RMD loophole 
While in many ways a 403(b) works exactly like a 401(k), there has, up till now, been a key difference in the way RMDs work. A new rule from the IRS could change all that and tighten a potential loophole for those who saved in a 403(b) during their careers. 

How IRAs, 401(k)s and other retirement accounts are divided in a divorce 
The state you live in determines how retirement funds accrued during a marriage will be disbursed. 

Tech Corner – How to block robotexts and spam messages 
You don't have to put up with robotexts and junk messages. Here's how to block spammy texts.