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No idea why this is so confusing to me. Husband, age 64, died in 2023. Spouse, age 58, is the...

Question:Hello,Are you required to take out RMDs (required minimum distributions) on an inherited Roth IRA? The original owner was 82 when he passed away. The funds were left to his nephew, so I understand the 10-year rule will apply.Thanks for your help,David

I have a client whose spouse passed 2 years ago. He was 75 years. She is 72 years old now....

Good Day. A spouse is the sole beneficiary of a Roth ira and inherited her husband’s Roth IRA. He had...

Client had Roth IRA for over five years after retiring at age 55. Withdrew money after holding it for five...

One of the more controversial provisions of the new SECURE 2.0 law concerns 401(k) catch-up contributions.Most 401(k) plans – as well as 403(b) and governmental 457(b) plans – permit employees who are age 50 or older to make catch-up contributions. The limit for catch-ups in 2023 is $7,500, allowing for total elective deferrals of up to $30,000.

Client just learned they are a victim of identity theft. As a result, their SEP IRA contribution was never received/processed...

Do you have an IRA you are thinking about converting to a Roth IRA? There are many benefits to converting. You trade an immediate tax bill for the promise of tax-free earnings and distributions down the road. However, one benefit you may not have considered is the benefit to your beneficiaries. Inheriting a traditional IRA will have very different tax consequences than inheriting a Roth IRA. Converting your IRA to a Roth IRA is really a gift to your beneficiaries.

General question of timing of reporting for rollovers. Is a rollover considered done at time of distribution from a plan...

We are in our mid-80s. I have a TIRA and a somewhat significant 20 year old Roth IRA, She has...