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Please advise if this or is not correct. Eligibility for age 62 Social Security benefits begins in the month AFTER...

Does anyone know if RMDs taken in January and the first week of February can be returned to an IRA...

Even though the CARES Act, Congress’s $2.5 trillion coronavirus relief provision, does not require retirees to take minimum distributions from...

Question: Under the SECURE Act, if we can assume a Special Needs Trust can qualify for the stretch via the disabled beneficiary, what happens when the special needs trust beneficiary passes? The next named beneficiary (remainder) is a brother and/or nephew under this trust. Yet it's already an inherited IRA. Would that formula continue to the next remainder beneficiary in line, i.e., would the stretch continue? Answer: The SECURE Act left many questions unanswered, especially when it comes to trust beneficiaries, but your situation may have an answer. You are correct that, under the new law, there are special rules for a trust for disabled or chronically ill beneficiaries that allow RMDs to be paid from the IRA to the trust using the beneficiary’s life expectancy.

After I pass away, my IRA will go into two separate retirement trusts for my two sons. The trust stipulates...

Good morning, does the Federal government’s Thrift Savings Plan permit its participants to make a CRD withdrawal? I have read...

I have a client who passed in 2020 and left 5% of his IRA to his sister, who is a...

By now, most IRA owners have heard the bad news. The SECURE Act eliminates the stretch IRA for the majority of beneficiaries who inherit in 2020 or later. Instead, for most, a 10-year payout rule will apply. Here is how this new rule works and how, for some beneficiaries, there may be new planning opportunities available. How It Works This new 10-year rule works like the old 5-year rule worked. There are no annual RMDs. Instead, the entire account must be emptied by the 10th year after the year of death. In the 10th year following the year of death, any funds remaining in the inherited IRA would then become the required minimum distribution (RMD).

Hello, When an employer contributes their match annually, e.g. in February based on the prior year’s employee contributions, does that...

Currently have solo 401k thru fidelity that only allows pre-tax contribs. Contributed up until 2012 then stopped. now over 59...