A lot of inherited IRA owners are in for a surprise.In a switcheroo, the Treasury Department has reinstated annual required minimum distributions for most folks who’ve recently inherited Individual Retirement Accounts, according to proposed regulations released late last month that interpret the 2019 retirement law known as the SECURE Act
NEW YORK, Feb. 24, 2022 /PRNewswire/ — “Ed Slott’s Retirement Freedom!”, a new public television special that educates viewers on key retirement savings strategies to have more, keep more and make their money last, is now airing on public television stations throughout the country. Those who wish to tune in should check their local listings in their area.
Tax time has rolled around again, and tax and IRA specialist Ed Slott of Ed Slott & Co.has plenty of advice for advisors
Q: Can I invest my RMD (required minimum distribution) into my Roth IRA?
IRAs are subject to RMDs after reaching age 72
I would like to see you write, and warn your readers, about Medicare surcharges.I was insufficiently aware of the impacts
When it comes to holding stocks or bonds or just about any other kind of investment, financial advisors are pretty much united in their advice: diversify, diversify, diversify.
Anyone facing required minimum withdrawals from retirement accounts should note there’s been a change to calculating those amounts.
IRA legislation will not happen in 2021, and the IRA parts of the Build Back Better Act (BBB) may not happen in 2022 if the legislation remains stalled in Congress.But other retirement-related bills may have a better chance of becoming law.
So advisors should still share retirement tax planning strategies with clients in 2022, based on the current tax structure and what might be in the works.
As we approach year-end, CPA and IRA expert Ed Slott of Ed Slott & Co.has given ThinkAdvisor the top priorities that advisors should be focusing on right now in helping their clients with last-minute tax and retirement plan priorities.
His must-dos include avoiding the No
Our good friend Ben Franklin said the only things certain in life are death and taxes.Since we are coming up on year-end, we’ll tackle one of those certainties (you’re on your own with the other)
