sure what to do or how to act. Well, it turned out that we had a fabulous time! We hiked, biked, and played chess late into the night. We even told jokes and played other games. Here’s the funny thing: Much later on, after we announced to the kids that we would like them to put down the technology for the day, we realized that we were so far away from connectivity that our phones wouldn’t have worked anyway. It was still pretty funny to see how the children reacted! When they got their phones back, you’d think that they had found their long-lost teddy bear. It was certainly an indication that we rely on our electronics too much. So, think about how you would fare without your phone, computer, or iPad for a day or two. How would it affect you? Would you be okay without them? Or, do you think that you would start to get sweaty palms and become anxious without them? Then, take it a step further and think about the other habits you have that may be taking over your life. ... continued from Cover
bad news? Are you eating a little too much ice cream late at night? Whatever it is that you find yourself doing too much of, I encourage you to use this article in your favor — make a change and spice things up. Instead of eating breakfast, maybe you’d like to try out intermittent fasting and wait until lunch for your first meal of the day. Instead of diving into the news, go for a walk around the block. If you want to watch television late at night, get out a board game and play with your family, friends, or spouse instead! Most importantly, put that phone away and enjoy the company of everyone around you. So, as you think through the month of March, I’m not saying to stop using your phone for a month. For many people, myself included, that just wouldn’t be possible. Instead, try to use it a little less and see if you are able to find a quality of life that’s a bit better than relying on the tiny little box with a screen. There is so much to live for, and while technology is certainly a benefit in our lives, it shouldn’t control our lives. Take some time to unplug here and there — you won’t be disappointed!
Kelly Campbell
Do you watch television a bit too much? Do you read the newspaper daily and find yourself getting upset with all the
= THE SECURE 2.0 ACT IS NOW LAW Here’s What It Means for You
Last year, the SECURE 2.0 Act, which builds upon the SECURE Act of 2019, was signed into law through the Consolidated Appropriations Act of 2023 with many new retirement-related provisions to help strengthen the nation’s retirement system. The original law changed the rules a bit on how retirees are able to save and withdraw funds in their retirement accounts. The SECURE 2.0 Act creates even more flexibility for you in ensuring you are set up for a safe and financially sound retirement. Here’s what the SECURE 2.0 Act means for you. Required Minimum Distribution Age Individuals turning age 72 during 2023 or later will now begin their required minimum distributions at age 73. For those reaching age 74 after Dec. 31, 2023, their start date is age 75.
Catch-Up Provisions You can now contribute $6,500 to an IRA or a Roth IRA for 2023 — though there are certain income limitations for the Roth. You can then add another $1,000 as the catch-up if you are over the age of 50. 401(k) With respect to 401(k)s, you can now contribute up to $22,500 and add an additional catch-up contribution of $7,500 if you are over the age of 50. Required Minimum Distribution Penalty The penalty for not taking your required minimum distributions used to be 50% but has been lowered to 25% in 2023. If you have any questions about these provisions and how they affect you, please don’t hesitate to reach out to us. We’d love to help you!
2 • CampbellWealth.com
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