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The House Ways and Means Committee has released a draft of proposed changes to retirement accounts, including adding income limits for conversions and eliminating the back-door Roth conversion strategy. These proposals are designed to raise revenue and are likely, at least in part, a response to recent headlines about large Roth IRAs held by billionaires. Unless otherwise noted, the proposals would be effective for 2022. Here is what this means for your retirement account.

Hi All!!! I was hoping you could verify my understanding of the current IRA distribution rules. I am the Executor...

I’ve seen it written different ways and different timeframes, I just want to clarify some specific questions. I put the...

Are you moving assets between IRAs or from a company plan to an IRA (or vice-versa)? You should know that using a direct transfer is a much better idea than doing a 60-day rollover. Direct transfers avoid all of the possible issues which can occur with 60-day rollovers:

I am an 82-year-old, the beneficiary of my IRAs (between $1 million and $5 million) is an IRA trust that...

If TIRA distributes $500,000 of real estate in kind can the taxpayer use $500,000 of cash to make a 60...

I am concidering annual gifting(direct transfer in kind) of our Roths to the kids, grandkids. What is the requirements of...

I’m 59 and considering a direct rollover of part of the taxable portion of my 401(k) subaccounts this year to...

I am a 84-year-old widower with a large IRA. Assuming a reasonable growth it is possible that my estate will...

Client passed away, without taking his RMD before death, and left a revocable trust as the beneficiary of an 80k...