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Retirement is sometimes, especially in this economic climate, NOT planned. That is why proactive planning at a young age (when you start working) is so important.

Have situation in which the ‘IRA Holder/Participant’ passed away prior to their 70 1/2 birthday … There were 3 beneficiaries...

Client age 54 took a distribution from her 401k for 50K she asked for the entire amount to be after...

Taxpayers believe that because they have already paid the income tax on Roth IRAs that the Roth IRA balance will not be included in the estate for estate tax purposes. As the title indicates, your IRA or Roth IRA will be included as part of your taxable estate at your death. Click to read more about where it says this.

Scenario – A son is the beneficiary of his Mom’s IRA and he sets up a stretch IRA at her...

I have an after tax contribution portion in my 401(k). I left my job and can now roll the 401(k)...

A provision in the tax code allows use of a special formula called “ten year income averaging” by qualifying individuals or their beneficiaries to determine the tax liability with respect to a lump sum distribution they may receive from an employer-sponsored qualified plan or annuity. To qualify for 10 year income averaging, the following six tests must be met.

Click to read how spousal rollovers and the RMD for year of death should work under the IRA rules.

I have a client who named their Revocable trust as the bene for their IRA plans. They want the Rev...

Good afternoon, I wanted to confirm this. Client is owner of his firm and has a retirement plan with us....