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More and more 401(k) plans are making Roth employee contributions available, and employees leaving their jobs often want to roll over Roth 401(k) funds to a Roth IRA. What tax rules apply to distributions of amounts rolled over? Warning: The rules are complicated because they involve two five-year holding periods, one for the Roth 401(k) distribution and the other for the Roth IRA distribution.

I had a client file their taxes. They told their accountant they weren’t planning on making any Roth contributions and...

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My first RMD was in 2024 and had an issue with TurboTax.. I put in my RMD as (let’s say)...

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I am considering a Net Unrealized Appreciation election on my company common stock that I have currently in a 401K....

We have a client (widow) who is a US citizen living in Scotland. She is married to a UK citizen...

Looking for clarification. If a client dies before satisfying their current year RMD, the beneficiaries will have to satisfy the...

No Choice in the Matter: IRS Issues Guidance on Mandatory Roth Catch-Ups

• Which Plans and Catch-Ups Are Affected?

Sometimes we get stuck in traffic, or a highway is closed, and we are forced to find an alternate route. I’m not talking about driving across someone’s front yard or going the wrong way on a one-way street. Think side roads and legal detours. While a main road may be blocked, that might not be the only way to reach your destination. The same holds true with certain IRA transactions. Here are a handful of creative “detours” that retirement account owners may be forced to take in order to reach their intended goal.