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The SECURE 2.0 Act, enacted into law on December 29, 2022, makes over 90 changes to the IRA and employer plan tax rules. If that isn’t enough, many of these provisions aren’t immediately effective and (one isn’t effective until 2033). This article will focus on the key provisions in effect right now in 2023:

A client wants to gift his son $50,000 this week. Can he give the gift and simply file a return...

SECURE 2.0 is now the law of the land and one thing is very clear. Roth-O-Mania is here! In their quest for more revenue, Congress has created more options to save with Roth accounts. These accounts bring in the immediate revenue that Congress desperately needs. For retirement savers, these Roth options offer the promise of potential tax-free earnings and withdrawals down the road.

I have a new tax client presenting with these past issues – Sorry it’s so long, but you’ll see why!...

I am the personal representative for my Dad’s estate, Maricopa County Arizona. He had a living trust with a pour...

Hi – For a 529 to rIRA beneficiary transfer the act states that the qualified tuition program must have been...

Prospective client rolled over funds from a 401k to a new IRA. The client had an existing IRA with pre-tax...

We have a 401k plan that submitted a request to terminate their plan as of 12/31/2022. The company received the...

Question: Hello Ed, I have a question concerning Secure 2.0 pertaining to transferring “leftover” 529 plan account balances into a Roth IRA, beginning 2024. If I have no income in 2024, can I still transfer/contribute leftover 529 plan funds into a Roth IRA? Thank you! Mark

Hello, I have a client that is currently 56 years old and has an old 401k from a prior employer....