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In the draft 2025 1099R Inst, the IRS has introduced a new distribution code Y to report QCDs. This means...

A sole-proprietor client is being told by their CPA that they can open up a solo(k) for 2024 and fund...

The recent market ride has been nuts. It is certainly no fun for anyone who owns stock or stock funds. Many of us are experiencing the same sensation in our gut as when a roller coaster click, click, clicks to its apex and then plummets over the edge. (That’s why I don’t ride roller coasters anymore.) Wild swings in the market result in sleepless nights for many. But for those with a long-term view, there is a potential silver lining in this storm cloud.

CLeint has a 403b with TIAA outside our purview, we now annually, take her RMD from TIAA and then do...

For Tax Year 2024, my son was told by Vanguard broker he could open a traditional IRA with $7,000 investment...

In the 2022 SECURE 2.0 legislation, Congress gave the IRS two years – until December 29, 2024 – to come up with rules allowing IRA owners to fix certain mistakes through self-correction. Alas, December 29, 2024 has now come and gone, and we’re still waiting for those rules.

I understand the due date for SEP contributions is the tax filing due date and/or extensions. When extended, am I...

A little last minute, I contributed full 7000 to my 2024 roth IRA, when I filing with the HR block...

If one takes a lump sum IRA distribution(s) during the current year that exceeds (or equals) your previous year’s RMD,...

We have someone who has completed a backdoor Roth contribution – already has done the conversion to the Roth IRA...