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Former Baltimore Top Prosecutor Convicted of Lying on Coronavirus Withdrawal Application

Remember coronavirus-related distributions, or “CRDs”? Passed as part of the CARES Act in March 2020, CRDs were special distributions designed to help people who contracted COVID or had financial hardship caused by the pandemic. IRA owners or company plan participants who qualified as “affected individuals” could take CRDs of up to a total of $100,000 anytime during 2020.
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Inherited IRA

I had an uncle pass away this year and left me his IRA. At the instruction from the custodian, I...
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RMDs When Your IRA Investments Are Not Liquid

You may have noticed grocery stores stocking up for Thanksgiving, and festive lights and displays going up everywhere. Yes, it is the holiday season, but it is also the season to take required minimum distributions (RMDs). One question we have been getting a lot this year involves RMDs when IRA investments are not liquid.
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USING ROTH MONEY

We are closing very soon on a home purchase and will then put our current mortgage free home on the...
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Gifting to relatives

This question is not really related to IRA’s, but about gifting to relatives or actually anyone. I know there are...
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One Beneficiary, Three IRAs, Three Different Payout Rules

An advisor called and said his 75-year-old client had just passed away. He had questions about the payout rules applicable to the three IRAs the client left behind: a traditional IRA, a Roth IRA, and an inherited IRA from his sister. I asked who the beneficiaries were.
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