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An article posted on WSJ.com today states: “ Congress is on the verge of passing a bill that aims to...

A few questions. 1 – Adding employee and employer contributions for 2022 after age 50 maxes at $67,500. To qualify...

Big changes are likely coming for Americans’ retirement savings. The changes, part of the Secure Act 2.0, were included in the sweeping...

It is important to do your due diligence when hiring anyone who claims to be an expert. The same holds true for financial professionals. Before dumping your entire piggy bank in the lap of a random advisor, be sure he or she has the skills and experience necessary to manage such a responsibility. Regarding IRAs, here are 10 good questions to ask your advisor:

Decedent died in 2020, was born in 1933. Estate was beneficiary. Used Single life annuity table. Life expectancy was 6.7...

Hello: If I make a self-employment income of $8000 in 2022, and my spouse makes no income, how much can...

Hello, I was approached with a question 2022 RMD question for a client who inherited a BDA from her mother’s...

Question:Do adult children who inherited a parent’s Roth IRA in 2020 need to take an RMD each year during the 10-year payout rule or may they leave it alone and deplete the account at the end of the 10th year? I’ve heard it both ways and would like to know which is correct.Thank you.Pam

Hello! If an individual turns 72 on December 3, 2022, can they take their first RMD before their birthday in...

The year 2022 is coming to a close. The holidays season is upon us. That means that the clock is ticking on year-end IRA deadlines. Be sure to get the following four IRA-related tasks done before we ring in the new year.Take an RMD from your retirement account. If you have a traditional IRA and you are age 73 or older you will need to take a 2022 required minimum distribution (RMD) by the end of the year. If you are 72 in 2022, you will have a little extra time to take your first RMD. Your deadline will be April 1, 2023.