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I made an ineligible contribution to my self-directed Roth IRA (2019) as I am not earning income. My CPA suggested...

Had a weird question come across my desk. Client already filed their 2019 tax return. Advisor tells me “in filing,...

Is someone able to defer 401(k) loan payments under the CARES Act, if provisioned by the plan, after separating from...

Hi, Question that I could use some clarification on. Individual who is under 50 has separated service from former employer....

Question: Hi, My question is: Does the SECURE Act affect inheritors of a Roth IRA account? If so, in what way, and why - since it is not a pre-tax account? I look forward to your reply. Thanks. Regards, Vikram Answer: Vikram, Yes, the SECURE Act does affect inherited Roth IRAs for those who inherit in 2020 or later. (Any Roth IRAs inherited prior to 2020 fall under the old rules.) Under the SECURE Act, only eligible designated beneficiaries (spouses, minor children of the account owner, disabled individuals, chronically ill individuals, and beneficiaries not more than ten years younger than the deceased IRA owner) can stretch RMD payments over their own life expectancy.

Is it possible to contribute to your former 401(k) plan post-termination? I will be self-employed going forward. Subject to IRS...

Simply stated, in my urgency to obtain a good rate to open an IRA CD, I did (2) direct distributions...

Have a client that has a S corporation and wants to adopt a 401(k) Safe Harbor plan. She has 2...

My son graduated from college and starts a job June 1. He has a 6 month wait period before he...

I had a client that turned 70.5 in December of 2019. She has a small 403b account with an employer...