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In 2020, the SECURE Act completely changed the game for nonspouse IRA beneficiaries. Now, most are subject to the 10-year payout rule. Recently released final RMD rules keep the controversial proposed rule that requires many beneficiaries subject to the 10-year rule to also take annual required minimum distributions (RMDs) during the 10-year period.

When a person reaches the required beginning date (RBD) – generally April 1 of the year after the year the person turns age 73 – required minimum distributions (RMDs) must officially start on traditional IRAs. But what if an IRA owner dies in a year when the RMD is due, but before the full RMD has been paid out?

Have a bit of a complex situation I’d like some advice on. My father had my sister and I listed...

This year Alice contributed $20k after-tax to a 401k, with an automatic in-plan Roth rollover to a Roth 401k.  The...

Hello, I feel like this question has been asked before, however, I still need clarity on a case. Any help...

Hi, I have a 76 year old client who just inherited an IRA from her brother who was 74 when...

Hello all, A relative passed away a couple months ago and left a trust and a will. He named his...

If you have both pre-tax and Roth accounts in a 401(k) (or a 403(b) or governmental 457(b)) and are subject to required minimum distributions (RMDs), be aware of new rule changes made in the 2022 SECURE 2.0 law. The rules were clarified in the IRS RMD final regulations, which came out on July 18.

I have a referral.   His father passed after his RBD.   A trust was set up as the beneficiary of the...

My husband died in April 2024.  His IRA was transferred to me as his spouse and only beneficiary a month...