Don’t Fall This Fall! 3 Tips for Fall Prevention
stiff. The best way to strengthen your reactions and improve your balance is to move your body. A physical therapist can help you develop a routine that targets your balance while strengthening your muscles and joints. Improve Your Home Your home just might be your biggest threat when it comes to falls, so improve it with a few changes! Install grab bars and railings on steps and in the bathtub for extra support. Grips on the bottom of the bathtub and on slippery surfaces can give you a secure footing, while lighting along the hallway and in stairwells can better illuminate walkways. Even something as simple as moving a table or decor item out of the hallway can be beneficial! Review Your Medicines Sometimes medication can influence balance and movement. Talk with your doctor about the side effects of your medication and adjust accordingly. You may need to consider alternatives, but if that’s not possible, physical therapy can provide assistance. It’s designed to help you improve your balance and get stronger — which can lower your risk of falling.
September marks the start of fall , but it also serves as an important reminder about falling .
Falling is one of the greatest dangers seniors face. As adults age, take more medication, and lose some mobility, it becomes increasingly difficult to stay upright or regain balance — even when tripping over the smallest object. The Centers for Disease Control and Prevention (CDC) estimates that 1 out of 5 falls cause serious injuries, including traumatic brain injuries. Falling can also increase a senior’s chance of falling again.
But for as common as it may be, falling doesn’t have to be your norm. You can lower your risk of falling and injury with a few simple steps. Move More Your body was designed to move! When you don’t move your body enough, which can happen when you age, your muscles and joints can become weak and
You can learn more about fall prevention and risks online at CDC.gov.
CONFUSION BE GONE
REQUIRED MINIMUM DISTRIBUTIONS EXPLAINED
or is considered to be tax free. Tax-free examples may be qualified distributions from a designated Roth account. It should be noted that RMD amounts cannot be rolled over into other tax- deferred accounts, and an excess distribution of an RMD for one particular year cannot be applied to an RMD for an upcoming or future year. If the account owner of a retirement plan that requires an RMD passes away before the RMD has begun on the account, the entire amount of the owner’s benefit is generally distributed to a qualified beneficiary. For more information or assistance with an RMD, call us today. We can simplify the process for you!
the required amount for the RMD, then you may potentially be forced to pay a 50% excise tax on the amount that is distributed, and then you must fill out forms to be submitted with your next tax return. If you own more than one IRA account that requires an RMD, you are able to take a distribution from each one or any one that you choose. However, an RMD must be separately calculated for each 401(k), 403(b), et cetera, that is not an IRA and cannot be combined with your IRAs in determining how much and which account to take the distribution from. If you would like to withdraw more than the required amount, it is important to keep in mind that the amount in excess will be considered taxable income except for any portion that was already taxed
The minimum amount that a retirement plan account owner must annually withdraw beginning when they turn 72 (70 1/2 if you turned 70 1/2 before Jan. 1, 2020) is known as a Required Minimum Distribution (RMD). But what kind of retirement plans have RMDs? All employer-sponsored retirement plans, including 401(k) plans, 403(b) plans, 457(b) plans, profit-sharing plans, traditional IRAs, and IRA-based plans, require RMDs. It should be noted that RMDs are required in Roth 401(k) accounts. However, while the account holder is alive, the RMD rules are not applicable in Roth IRAs. The amount of your first year RMD is approximately 4% of your year-end balance of your account, and the percentage increases each year.
In the event that you do not take any distributions, or if they do not meet
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