Post
QUESTION:
My wife has two after-tax traditional IRAs at two separate institutions. We are hoping to consolidate them, then convert to a Roth in the next 18 months. She is already retired. She also has an inherited IRA (from her father). Does the calculation for taxation on the conversion to Roth need to include the assets in the inherited IRA? Do assets in my IRA have any impact on the calculation?
Read more
Forum
Unlike IRAs, would the proposed Congressional bill for Universal Savings Accounts allow the use of unearned income and savings to...
Read more
Forum
Owner A passed away on 06-08-2018 Owner A was born on 10-10-1967 Owner A’s IRAs were Inherited by: Beneficiary...
Read more
Forum
Owner A passed away on 07-05-2023 Owner A was born on 06-30-1953 Owner A’s brother, Beneficiary B, was primary...
Read more
Post
By Ian Berger, JDIRA Analyst One of the more controversial rules in the 2022 SECURE 2.0 Act is the requirement...
Read more
Forum
Hi all, I understand that under the Secure Act 2.0 that someone age 70.5 and older may make a once-in-a-lifetime...
Read more
Forum
I have a beneficiary of a conduit trust that is turning 30 y/o and is now owed 1/3 of the...
Read more
Post
We are two weeks into 2025. Have you been following through on your New Year’s resolutions? As our readers already know, for...
Read more
Forum
Hello , I have a scenario where IRA owner passed in 2001 and the spouse inherited it and then passed...
Read more
Forum
Can you take your RMD and put it in your Roth (if you don’t need the money right now). OR...
Read more