Last month, I outlined how the CARES Act would affect required minimum distributions (RMDs) from retirement plans.But with complex legislation, new questions always arise
In addition to the catastrophic health situation caused by coronavirus, many of your clients are also getting hurt financially, especially in their retirement accounts.You may be able to help them take advantage of several new relief provisions that most of your clients can benefit from immediately.
Every month, IRA expert Ed Slott is taking your questions about Individual Retirement Accounts.One is about a potential tax benefit for some retirees included in the "Coronavirus Aid, Relief, and Economic Security Act,” or CARES Act.
People with retirement accounts have seen losses through no fault of their own and they need a helping hand
What the new rules say about paying taxes on inherited funds
Starting this month, IRA expert Ed Slott is taking your questions about Individual Retirement Accounts.He starts by addressing what to do about new rules in the 2020 SECURE Act that affect most beneficiaries who inherit tax-deferred funds starting this year.
