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Christine Benz: Hi, I’m Christine Benz from Morningstar. With prospective tax changes on the horizon, is now the right time to...

Mother age 75, who was taking RMD’s, died and left her IRA to a qualified trust for her daughter. Trust...

Regardless of whether you open an IRA, participate in a 401(k) plan, buy a life insurance policy, or start a college saving plan for a child, there is a critical detail which should never be overlooked: naming a beneficiary. Typically, the account application will include a space for doing just that. Sometimes a second form may be required when a person wants to change an existing beneficiary.

Hello, I have a client that distributed from their IRA, and was planning on reinvesting the funds within the 60...

I have a client who is a partner in a law firm. Maxes out 401k with EE deferral and profit...

Using software to map out retirement and when I construct a scenario with QCD’s over a 30 year period and...

A Qualified Charitable Distribution (QCD) is a way for you to move funds out of your IRA to a qualifying charity income tax free. This can be a great strategy for those who are charitably inclined and looking to save on taxes. Here are the answers to some of the most frequently asked questions about QCDs. How old do you have to be to take a QCD? IRA owners who are age 70½ and over are eligible to do a QCD. Sounds easy, right? This is more complicated than it might sound. A QCD is only allowed if the distribution is made on or after the date you actually attain age 70 ½. It is not enough that you will attain that age later in the year.

72 year old client has inherited traditional IRA from her father that has about 25% after-tax basis. Is there a...

A client contributed $5k to his SEP IRA in January 2021 which was coded as a 2020 contribution. After doing...

Hi, I have moved forward rolling over my mother’s 401k into an inherited IRA. I had a couple of questions...