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The start of the new year is a good time for a refresher course on the contribution limits that apply when someone is in two different retirement plans at the same time or at different times within the same year (e.g., after changing jobs). The rules are challenging because there are two different contribution limits to worry about – the “elective deferral limit” and the “overall contribution limit.”

Hi- I have been making contributions into an after tax bucket of my qualified plan in adherence to plan and...

I wish to leave my Roth IRA to my granddaughter. I understand that the only way I can do so...

I wish to leave my Roth IRA to my granddaughter. I understand that the only way I can do so...

My planning client’s RMD for 2023 was $48,000. She sent $8,000 in a QCD but forgot to ask the custodian...

Is the IRS guidance for Inherited IRAs for 2024 now official? Do non-spouse beneficiaries (who are not EDBs) who inherited...

The IRS website has this to say about non-spouse beneficiaries: “Non-spouse beneficiary options If the account holder’s death occurred prior...

A person who is 75 years wants to start working part time in his son’s owned company receiving W-2. The...

I’m working on updating my clients Inherited RMD amount that is needed to be taken for 2024. I noticed that...

Hello, This is a wonderful source of information, thank you for answering the questions and helping. I recently realized that...