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Stop contributing to your IRAs and 401(k)s? That has to be a typographical error. After all, traditional retirement planning has always preached maximizing contributions to tax-deferred individual retirement accounts and 401(k)s to build retirement savings.
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The Internal Revenue Service is allowing people who inherited an individual retirement account after 2019 to skip a required minimum distribution this year, but most still must empty the account within 10 years.
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Are you familiar with Roth IRAs? If you’re not, you should be, because Roth IRAs are a great way to get tax-free income after you retire.
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Advisors should take advantage of today’s low tax rates — and “do Roth conversions while taxes are on sale!” according to Ed Slott of Ed Slott & Co.Every advisor, Slott told ThinkAdvisor Tuesday, “should be having this conversation with their clients. This may only last for the next three years (2023, 2024, and 2025). After that, tax rates are scheduled to revert back up to previous levels.”
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Inflation is driving higher limits on retirement plan contributions this year, but it’s also lifting the amount of income that’s...
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President Biden signed the Secure Act 2.0 after passage by both the House and Senate. That long-discussed package of changes...
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Big changes are likely coming for Americans’ retirement savings. The changes, part of the Secure Act 2.0, were included in the sweeping...
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Funds held in individual retirement accounts are without question the best assets to give to charity. Since IRAs are loaded with...
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America's IRA Experts receive top honor for their thought leadership, education and impact in driving the wealth, investment and retirement industry forward.
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Ed Slott, CPA, nationally recognized IRA Expert, founder of Ed Slott and Company, LLC and creator of irahelp.com, in collaboration with Jeffrey Levine, CFP®, CPA, PFS, CWS®, AIF®, chief planning officer for Buckingham Strategic Wealth, announce the launch of their new podcast show, The Great Retirement Debate.
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