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82-year-old single male with a traditional IRA valued at $1.2 million. Life expectancy 5 to 7 more years. Income from...

Hello, I have a client who inherited his fathers IRA a few years ago, approx 400k. The couple have income...

A client called informing our office that he was considering moving his $ 400,000.00 into a Self Directed IRA so...

If a direct rollover from 401k to IRA was processed in a year that an RMD is required but the...

Had a question/situation today that I’ve not encountered before: Your first RMD can come out as late as April 1st...

Question: My husband has taken two different qualified distributions from his Roth IRA within the last 60 days. We would like to "pay those back.” It looks like we can put money back into the Roth IRA as a rollover. My question is: Can we put the total amount of the two distributions back into the same IRA, or are we limited to "paying back" just one of those distributions Thanks, Laura Answer: Hi Laura, Redepositing the funds back into the Roth IRA is considered a rollover. Unfortunately, only one of your husband’s withdrawals can be rolled back into his Roth IRA. He is not permitted to combine them and then roll the combined amount back.

A $1.4 trillion year-end spending bill was signed into law on December 20, 2019 in order to keep the government running. Tucked away inside this mammoth piece of legislation is the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which became effective January 1, 2020. This new law includes significant changes to retirement accounts, including: Age Limit Eliminated for Traditional IRA Contributions Beginning in 2020, the new law eliminates the age limit for traditional IRA contributions (formerly 70 ½). Now, those who are still working can continue to contribute to a traditional IRA, regardless of their age. Age Limit Eliminated for Traditional IRA Contributions Beginning in 2020, the new law eliminates the age limit for traditional IRA contributions (formerly 70 ½). Now, those who are still working can continue to contribute to a traditional IRA, regardless of their age. Age Limit Eliminated for Traditional IRA Contributions Beginning in 2020, the new law eliminates the age limit for traditional IRA contributions (formerly 70 ½). Now, those who are still working can continue to contribute to a traditional IRA, regardless of their age.

I am 63 years old and retired. I have a 401k company plan and I converted some (after-tax) monies to...

Situation: My mother had already met her RMD for the year, but we filled out a request for an additional...

The bill that passed Congress and is awaiting either a signature or veto by Trump limits the stretch to ten...