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I am 70 years old and own a ROTH IRA account (Account 1) that has been open more than 5...

I am 70 years old and own a ROTH IRA account (Account 1) that has been open more than 5...

Hello! Some additional details: * Two distinct employers, serviced by two different companies, and both are direct rollover distributions of...

Hi, I have conflicting information on the maximum contribution for a SEP for a sole proprietor in 2023. The stated...

If you take a taxable withdrawal from your IRA or 401(k) (or other company plan) before age 59 ½, you normally have to pay a 10% penalty in addition to taxes. But Congress continues to carve out exceptions to this penalty, and there are now 20 available. In Notice 2044-55, the IRS recently gave us guidance on the new SECURE 2.0 penalty exceptions for withdrawals from IRAs and workplace plans to pay emergency expenses and for victims of domestic abuse.

Greetings,  I have a client we are planning to start a 72t distribution mid year (Aug).  We are going to...

I WANT to give QCD amount to 503 c 3 trust . who can draft trust for me?

More and more Americans have retirement savings in Roth 401(k)s. With their rising popularity come some complicated tax issues. These funds are often rolled over to Roth IRAs at retirement or when a participant changes job.

I am 67 and retired but have not begun withdrawals from my well-funded traditional IRA. We own our home outright...