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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...

Hello, I have a client who has an IRA BDA (non-spouse) that they inherited in 2010 and have been taking...

I am enrolled in the 72T program until July 15th of 2024 when I will turn 59.5. I did a...

QUESTION: I have been funding a 529 account for over 15 years and no longer need to add deposits. Could I change the beneficiary to myself and then convert to a Roth IRA, assuming I have met the 5-year deposit hurdle as well? Has the government ruled on when the clock starts for the 15 years? Meaning, is it from when you open the account or does it restart when you change the beneficiary?

I’m 67 and retired now. My 401k consisted of 3 types of money: 1) After tax Roth 401k money 2)...

SECURE 2.0 corrects this by allowing sole proprietors to establish retroactive solo plans with both employer contributions and elective deferrals....