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Hi, We are trying to determine how to title a successor beneficiary (inherited inherited) IRA. Here is our situation: Background:...

QUESTION:If the grandkids who inherited an IRA are under the age of majority, when does the 10-year rule for emptying the account begin? At the death of the IRA owner, or when they reach the age of majority?Thanks,

On December 20, the IRS gave us the holiday gift of some guidance on a few provisions from the SECURE 2.0 Act. Notice 2024-02 is in a question-and-answer format and provides much needed clarification on SECURE 2.0 provisions, some of which are already in effect, and others which will come online in just a few short days in 2024.

Greetings. I have seen some conflicting information about RMDs for successor beneficiaries, and I was hoping you could provide some...

We were doing a rollover of a Thrift Plan to a traditional IRA. One the form, we filled out the...

Hi, Betty inherits a Traditional IRA from her spouse. More than 7 years later, Betty, now age 85, takes part...

Question:I have a traditional IRA with a portion being nondeductible contributions. The last nondeductible contribution I made was in 2009. and I have my Form 8606 showing the basis. I want to convert a portion of my traditional IRA to a Roth IRA. Can I convert all of the nondeductible amount plus some of the before-tax contributions to a Roth IRA? I have never taken any distributions from my traditional IRA. I'm 52 years old.Thanks,Jeff

Hi, A file came across my desk for a 401(k) participant who passed away in 2019. His trust outline beneficiary...

My friend inherited her husbands 401k earlier this year after he passed in January 2023. She rolled it over to...

Client has 401k with pretax and after tax monies. The 401k company will be sending a check directly to the...