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Statement of FACTS James has a 401(k) Plan with his former employer, company ABC. As a “qualified individual” in respect...

Hi, there: I just converted one stock in my regular non-deductible IRA to my Roth IRA. I understand I will...

You may be familiar with Health Savings Accounts (HSAs). These accounts have been around now for a while. They work with high deductible health insurance and are known for their triple tax benefits. Contributions can be deducted. Earnings are tax deferred while in the HSA account and, if HSA funds are used for qualified medical expenses, both contributions and earnings are tax-free when distributed. While you may know the basics, here are 5 HSA benefits that may surprise you:

A beneficiary of an Simple IRA doesn’t want to inherit the account from her deceased brother. She is thinking of...

In the first half of 2021, I contributed $19,500 pre-tax into my company 401(k). The company matched $9,750. And I...

Did a rollover with a client in May, 2020 from his 401(k). We rolled over his pre-tax cash and stock...

Suppose you own company stock in a 401k. And suppose the value of your company stock sharply decreases in value–far...

I understand that in addition to the employee contribution that an additional aftertax amount can be contributed to a 401k...

The source of my Roth account comes from several factors: 1. Annual contributions 2. A one-time (rollover) from my employer’s...

Question: Hi, I have a client who died in 2021 before taking his 2021 RMD. He designated various charities as beneficiaries of his IRA. The IRA custodian is advising the executor to take the RMD, however according to a previous post by Mr. Slott, Revenue Ruling 2005-36 states in this scenario the RMD is to be paid to the beneficiaries. I suggested the client ask the custodian to request confirmation from their legal department. Any other steps? Thank you, LP