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Welcome to 2022! One of the big changes in the retirement account world this year will be the calculation of required minimum distributions (RMDs). RMDs for IRA owners and plan participants are calculated using life expectancies from IRS tables. There are three tables: 1. The Uniform Lifetime Table, used to calculate lifetime RMDs in most cases.

I have a client that is 59 ½ (almost 60). He is planning to purchase gold/silver in his IRA. He...

I was curious to get an opinion on the minimum amount someone needs to W2 themselves as an S-Corp to...

I was curious to get an opinion on the minimum amount someone needs to W2 themselves as an S-Corp to...

What happens if beneficiary Inherited account was not established/claimed before December 31st subsequent to IRA owner death? If it was...

Under the latest IRA rules, a beneficiary must withdraw the entire inherited amount and pay taxes on the same within...

I have a situation where a father passed away and was taking RMD’s prior to his death, but not in...

Scenario: 1. Early next year I do QCDs to equal my RMDs (Age 72 next year) 2. Right after, I...

I want to rollover my 401k. It consists of company stock (to be moved in kind) and investments (to be...

As 2021 draws to a close, many of us will naturally look back and try to make some sense of the past year. On the whole, it would be hard to classify 2021 as an “uneventful” year. But in the world of IRAs and workplace plans, it actually was – especially compared to the previous two years.