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A person is allowed only one IRA-to-IRA or Roth-IRA-to-Roth-IRA 60-day rollover per year. This 12-month period is a full 12 months – it is not a calendar year. Accordingly, we refer to this as the “once-per-year rule.” For example, if a person received an IRA distribution in March that is subsequently rolled over, he is not eligible to initiate another 60-day IRA or Roth IRA rollover with a distribution received before the following March. The 12 months begin with the date the funds are received by the account owner. (Day of receipt is an important distinction. This could buy a person a couple of days when the 60-day deadline is approaching and a check was originally mailed to the IRA owner.)

TLDR: Can I purchase and then exercise stock options from a startup within my IRA? If so, how? Good afternoon,...

Did you take your RMD from your IRA for 2021? Hopefully, the answer is yes because for most IRA owners and beneficiaries the deadline for taking a 2021 RMD was December 31, 2021. There is an exception. If you reached age 72 in 2021, you still have time. Your deadline for taking your 2021 RMD from your IRA is April 1, 2022.

Hello, I apologize in advance for the detailed background, but I think it’s necessary for clarity. I’m now working with...

Good afternoon everyone. I am 64 years old, and I am considering performing traditional IRA to Roth conversions beginning in...

Question: Hi, I turn 72 this year and have to take my first required minimum distribution (RMD). I am also in the process of converting most of my IRA into a Roth IRA. I know I have to take my RMD first before the conversion. Since this is my first year of RMDs, I know one of the options is to delay the RMD until April of next year.

Bill turns 72 in June 2022 but wants to take $10k from his IRA in February 2022. Will that $10k...

Assumptions: 401k owner under age 59 1/2. Owner makes $10,000 after-tax contribution to their traditional 401k. The $10,000 after-tax contribution...

Less than two weeks into the new year seems like a good time to provide a few reminders and warnings when it comes to Qualified Charitable Distributions (QCDs). As a quick refresher, remember these QCD facts: Only available to IRA (and inherited IRA) owners who are age 70½ and over. Capped at $100,000 per person, per year. (For a married couple where each spouse has their own IRA, each spouse can contribute up to $100,000.)

My mother inherited an IRA this year from her spouse. He died in March at age 74 and had received...