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If someone has a 401k worth 400k. $100k is aftertax (Roth 401k). if they qualify for a CRD and request...

Question: Would multiple grandchildren who inherited an IRA be subject to the new 10 year distribution rule under the following...

Dollar cost averaging is a tried-and-true investment strategy that has existed for decades. Using this technique, an investor divides up their entire amount to be invested and makes smaller periodic purchases over a desired time. The goal of dollar cost averaging is to minimize the potential volatility of a single large investment. Essentially, dollar cost averaging seeks to reduce the possibility of making a big purchase just before the value drops. Example: Roger has $10,000 and wants to invest in a mutual fund. Roger is unsure what the market’s direction will be over the next few months. To avoid the possibility of investing the full $10,000 all at once and then having the market immediately drop, Roger elects to dollar cost average.

I have a client that was awarded 350k via QDRO from her husband’s 401(k) in 2018. In that year, she...

Many of you may have already received, or may be receiving, an RMD (required minimum distribution) from your employer plan this year. If the CARES Act waived 2020 RMDs from plans and IRAs this year, how could a company plan be making RMD payments? The answer is a little complicated. Under the tax code, plans are allowed to force participants to receive a distribution without their consent at a certain age. For most plans, that is age 65. The CARES Act did not change that rule. So, plans are legally permitted to pay out RMDs at age 70 ½ or later – even in 2020. Plans may be continuing to pay RMDs to avoid modifying their procedures for processing distributions just for this year.

I am retired from the US Government and have a Thrift Savings Account traditional IRA. Being self-employed I also have...

I received a call yesterday from a referral, his Uncle had passed away ten years ago and left an IRA...

If someone has a $200k 401k balance and $50k is after-tax (not Roth 401k), if they do a rollover of...

If an IRA owner died in 2020 after taking their RMD, can the RMD be put back into the IRA...

Question: Client has a Thrift Savings Plan and took RMDs in January, February and March of 2020. Client then rolled the balance of the TSP into an IRA. Question is whether or not he can “repay” those RMDs to the IRA under Notice 2020-51. Thanks. Answer: Yes, the three RMD payments can be “repaid” to the IRA, but a deadline is fast approaching. Plan-to-IRA rollovers do not count against the one-rollover-per-year rule, so that is not a concern. However, since these RMD payments were taken back in January, February and March, they are outside of the standard 60-day rollover window.