Your Financial Planner-March 2022 Your Financial Checklist for March1. Required Minimum Distribution for 2022? RMD's are back under the rules that were in effect at the beginning of 2020. You may remember that 2020 started with a pair of notable changes from past RMD rules in 2019's SECURE Act. First, the age at which RMD first applies was changed from 70½ to 72. Talk to your Financial Advisor about the requirements that need to be met if 2022 is your first year for your Required Minimum Distribution. Contact your Advisor here2. The annual contribution limit for your health care flexible spending accounts (health FSAs) is on the rise for 2022, according to the Society for Human Resource Management. Employees can now contribute $2,850 to their FSA, which is $100 more than the $2,750 cap in 2021. This limit applies to health FSAs and Limited Purpose FSAs (LPFSAs). Health FSAs can be used for a wide range of qualified out-of-pocket healthcare expenses, which includes doctor visit copays, prescriptions, certain over-the-counter medications, eyeglasses, and dental care. For more information about FSA, click here3. If you haven't filed your taxes yet, make sure all your paperwork in is and in order and ready to go when you proceed with filing your 2020 taxes.4. Call you Intelligent Investment Management advisor with any questions or concerns. We're here to answer any and all questions you may have about your accounts. Contact your Advisor here National Credit Education MonthFind out more information about your credit score here: Daylight Savings Time March 13 is the start of Daylight Saving Time, which begins at 2:00 A.M. that day. If your area observes it, don’t forget to “spring forward” and set the clocks one hour ahead, or you may find yourself an hour late to everything! Spring is here! March 20 brings about the March equinox—also called the vernal or spring equinox in the Northern Hemisphere—marking the beginning of spring. In the Southern Hemisphere, this date marks the autumnal equinox and the beginning of fall. On this day, the Sun stands directly over Earth’s equator.