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IRA Owner dies in 2011 after his RBD and did not satisfy RMD prior to death Beneficiary is over 70.5...
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My understanding is that if the 5 year waiting period is satisfied on Roth conversion money, then if a person...
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IRD is taxable income that was earned but not received by an individual prior to his or her death. It is taxed in the same manner to the recipient as it would have been to the decedent had he or she lived to collect it. Good examples of IRD include deferred compensation, series EE savings bonds and date of death balances in IRAs and other tax-deferred retirement plans, just to name a few.
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A client is leaving a Roth to be divided equally among a spouse and two children. To maximize the length...
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I am trying to prepare a document for my wife (and beneficiary) outlining a plan of action should I pass....
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into an IRA after Age 70-1/2. My Employer insists on paying out the RMD based on the total in the...
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I have taken a lump sum distribution on my 401k in company stock. I put the NUA in a cash...
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In a recent case, the US District Court for the Middle District of Louisiana ruled that despite having previously named his three children as beneficiaries of his 401(k) plan, Leonard Kidder's 401(k) balance would pass to his new wife. The Court's ruling illustrates just how difficult it can be to remove a spouse as the beneficiary of an ERISA governed plan, such as a 401(k).
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I am trying to help my two 26 year old daughters and here is my question(s). Q1. They both currently...
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We now have an estate plan without living trusts. I understand that all beneficiaried accounts would go outside the estate...
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