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Hi, Can you confirm if someone has a variable IRA annuity. The cash surrender vaue is $62,000. The Actual present...

I’m an advisor, attended Ed Slott forum in Mpls,MN in June of 2022. Ed is the only person I TRUST...

Question:Good morning,I have a client who took out $100K from his SEP IRA and put the funds back in on 8/19/22 -- within 60 days from the distribution. The client has now called me and asked if he can take the same $100K out and move it to his Roth IRA and pay taxes on it. Is he allowed to do this, or do we have to wait until 2023 to do the conversion?

Is it appropriate to make a normal RMD that is due for the same year immediately following the death of...

Client died in 2018. He had named his living trust as primary beneficiary with spouse having 5% income option for...

As we’ve reported, the IRS recently said it would waive the 50% penalty on RMDs missed in 2021 and 2022 for IRA beneficiaries subject to the 10-year payout rule who inherited in 2020 or 2021.These waivers were announced in IRS Notice 2022-53. Although the Notice is not clear, it appears that beneficiaries are not required to take RMDs for years that the penalty waiver applies to. However, as things stand now, the grace period will end in 2023.

Apologies if this has been covered many times, but “Search” doesn’t seem to provide any links to the topic. I’ve...

Client inherited from post RBD mom who passed in 2018 and received IRA as non-spousal Bene and was taking RMDs...

I need help for a client getting confusing info from Vanguard- The original Trad IRA account holder died in 2000...

60 year old passed away in 2018 and left a $150k IRA that was split between 3 children in their...