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I’m 71 years old and considering a $200,000 QLAC funded from my traditional IRA in order to reduce IRA RMDs...

Taxpayer took $97,000 out of qualified retirement plan in early May 2022. They did not have any after-tax basis in...

Would you have a link to a beneficiary IRA calculator? I used to have one that I could use through...

Have a 401(k) plan which allows a direct rollover of pro-rata pre-tax portion to a government 457b plan. However, it...

If you are thinking of buying an NFT (non-fungible token) with your IRA funds, you may want to reconsider. In Notice 2023-27, the IRS said that NFTs associated with “collectibles” are prohibited IRA investments. This could expose you to significant taxes and penalties.

I want to go ahead and say thanks for any helpful information. My grandmother left her house to her three...

Client has all of his IRA funds invested in 2 partnerships. These partnerships are not real estate investments but software...

Maybe you made a Roth IRA contribution for 2022 and then discovered your income was too high. Maybe you contributed to a traditional IRA but later discovered that the contribution was not deductible. You may have made an IRA contribution and just changed your mind. You’d rather contribute to a Roth IRA or maybe not contribute at all. There is good news if you act quickly. You can fix these issues by correcting your 2022 IRA contribution by the upcoming October 16, 2023 deadline.

Client withdrew IRA funds to buy new house, intending to re-deposit within 60 days after they closed on sale of...

Question:I understand that my kids will need to empty my Roth IRA in 10 years, but do they need to take RMDs in years 1 through 9? I am beyond my RMD age.