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If a client is still working and opens and funds a SEP IRA mid-year of the year they are turning...

Company A has maintained a safe-harbor 401(k) for many years but sold its assets in March 2023 to Company B....

Did you inherit an IRA from someone who is NOT your spouse? This is not uncommon. Maybe you inherited from a sibling or a parent or a friend. If this is your situation, proceed with caution! For nonspouse beneficiaries, a wrong move can result in disastrous consequences. So, take your time and do it right.

A client was a victim of a crypto scam and as a result withdrew approximately 500k from her Traditional IRA...

My biggest gripe with legislation is the same complaint held by most – the bulk of it is written in legalese – i.e., difficult-to-understand language. I am no idiot, but sometimes I sure feel dumb when I read things like the SECURE Act.

QUESTION:On September 6th in a piece titled, “Rules for Inherited IRAs that May Surprise Nonspouse Beneficiaries,” Sarah Brenner from Ed Slott and Company wrote, “If you inherited the IRA funds in 2020 or later, as a nonspouse beneficiary you will most likely be subject to a 10-year payout-period, possibly with annual RMDs during the 10-year period.”My brothers and sisters and I are non-spousal beneficiaries, and my understanding is that there is no rule or code yet that states we must take some out of the inherited IRA account each year, only that it must be drained by end of the tenth year as required by the SECURE Act. My sibling says we must take some each year. Which of us is correct? We are all under the RMD age, in our sixties and our parents passed September of 2022.

Hello. A 55 year old client passed away. She has a Rollover IRA. Her spouse is the beneficiary, and is...

My friends boss’s company just got bought for $5,000,000. The boss and his wife wrote my friend a 50k check...

This notice only provides relief for IRAs inherited 2020 and after, correct? Those that inherited IRAs 2019 and prior are...

A person has made the max contribution to their 401K as of 9/30/23. That person has started working for a...