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IRS Pub 590-B (Rev 3-19-2025 for use in preparing 2024 returns) is already referring to a  Surviving Spouse’s use of Uniform...

IRS Introduces New Reporting for 2025 QCDs

• QCD Basics
• New Code Y
• Questions Remain

Insert: Retirement Plan Payouts to Beneficiaries

Navigating the Inherited IRA RMD Rules

• Non-Designated Beneficiaries
• Non-Eligible Designated Beneficiaries
• Eligible Designated Beneficiaries

Guest IRA Expert:
Robert Siciliano,

Thank you for all you do to educate the public. I’m hoping you guys can settle a debate that’s been going on with a few financial advisors and CPAs regarding the 5-year rule for Roth IRA conversions. I was under the impression that a non-taxable conversion can be withdrawn at any time, even within 5 years of the "backdoor" contribution/conversion, without a 10% penalty.

The father dies at age 54, before RMDs. Born 5/9/1969. Dies 3/2/2024. Has a $200K 401K Plan where his minor...

Health Savings Accounts (HSAs) may be one of the biggest tax breaks currently available. If you have a qualifying high-deductible health plan, you may make a deductible contribution to an HSA. There are no income limits for eligibility to contribute. You can then take tax-free distributions from your HSA to pay for qualified medical expenses.

Obviously there are more options available to a SOLE spouse beneficiary – But WHICH advantages apply to a “not sole”?...

A 76 year old tax payer retired in mid 2024.  She has postponed distribution from all three retirement accounts by...

Hello! I would appreciate any feedback on this as I have a very unique case I am looking for some...

There are two ways to move money from one IRA to another: a direct transfer or a 60-day rollover. With direct transfers, the funds are sent directly from one custodian to another. The IRA owner has no ability to use the dollars while they are in transit, and the transaction does not create any tax reporting. A direct transfer can be processed electronically, or a check can be sent.

I have a simple IRA at Ascensus through a former employer which I left many years ago. Since I have...