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Looking for a clarification on 60 day rollover rule. Client retired May 2017 at age 57, requested a partial direct...

Hello, I am currently going through a divorce. My husband and his attorney are pushing me to take 72t from...

The IRS website provides a host of free resources that can help minimize your tax bill and manage your taxes all year round. Yet, most taxpayers are unaware of them. Here are a dozen of the best.

The pro-rata rule is an important, though commonly misunderstood, rule that affects the taxation of IRA money. It only comes into play when your traditional IRA consists of both pre-tax and after-tax monies. These after-tax dollars can come from non-deductible IRA contributions or rollovers of after-tax funds from employer plans. Either way, once those monies are in the account, subsequent distributions or conversions are subject to the pro-rata rule. The pro-rata rule does not apply to Roth IRA assets. Instead, Roth IRA distributions are subject to their own set of ordering rules.

Hi, I am an advisor. I have a client who passed and his only child inherited 330k in an IRA....

The Retirement Enhancement and Savings Act of 2016 was refiled on March 9 as the Retirement Enhancement and Savings Act...

This week's Q&A Mailbag answers reader questions on Roth IRA contributions and distributions.

Our client died last month at the age of 78. She had not taken her RMD for 2018. The calculated...

I am working on a case with a client with a small IRA. suggested to them ( they are 35...

Contributions go in on an after-tax basis and interest earned is taxable unless you elect to rollover the earnings to...