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Please explain how the ‘Age 55 IRS Rule” applies to this senario: If I left a company before age 55...

Many times when individuals divorce the IRA is split between the spouses. This is done through the divorce decree or separation agreement. An IRA is never split using a qualified domestic relations order (QDRO). That is only used for splitting employer plans, such as 401(k)s.

I have a prospect who recently lost her husband and his estate was placed as Primary Bene of his IRA....

Owner of a small business is contributing to the company’s SIMPLE IRA. Does he need to take RMD after attaining...

As medical expenses continue to increase, planning for them in retirement takes on greater importance. One approach is to shift thinking of the Health Savings Account (HSA) as an account to defray medical expenses annually to an account with pre-tax dollars and tax-free earnings to defray medical expenses years from now in retirement.

Have you inherited an IRA? What type of IRA is it? Your answer will matter a lot when it comes to your tax bill. Inheriting a traditional IRA will have very different tax consequences than inheriting a Roth IRA.

What is the rule for rolling after tax contributions from a 401k plan to a Roth. From what I can...

My client will be retiring from the government in December 2017. He will need to take his “first” RMD before...

Generally, when you receive a check from your IRA custodian or employer plan, you have 60 days to rollover the funds to another retirement account, either an IRA or an employer plan. As with most retirement plan rules, this rule comes with two exceptions – one good and one bad. Let’s look at what happens when Lori receives a check.

I completed a 401(k) rollover early in the year for a retired employee. The 401(k) distribution included 2 checks,a pre-tax...