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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....

Is it permissible to distribute funds from an irrevocable trust to fund a 529 account -using the annual gift exclusion...

And why didn’t I use SDIRA accounts in the first place, since an online brokerage IRA is clearly unsuited for...

Neither the Canadian firm nor its Canadian bank were familiar with IRA accounts but acknowledged the need to follow instructions...

A client turns 73 this year and retired from his company last year. He wants to rollover his 401k to...

Client ‘s employer was acquired .Employment ended on 11/30/2023. Client turned 73 in November 2023. He is working for the...

On December 20, 2023, the IRS issued Notice 2024-02, which includes guidance on 12 provisions of the SECURE 2.0 legislation. The December 27 Slott Report, written by Sarah Brenner, has a summary of the guidance on several of those provisions. This article will address the guidance on Roth employer contributions to 401(k) and other plans.