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A client left their employer a few years ago, and the first distribution from her plan was a check she...

I can find multiple calculators online but not an actual formula/process. The multiple online calculators I looked at show a...

Hi I have a client that inherited a successor beneficiary IRA from her spouse in 2016. The IRA was originally...

Probably the biggest advantage that a spouse beneficiary of an IRA has over other beneficiaries is the ability to do a spousal rollover. Only a spouse beneficiary can do a spousal rollover. Nonspouse beneficiaries do not have this option. With a spousal rollover, inherited retirement account funds become the spouse beneficiary’s own.

I have a client who owns three IRA annuities. The client is 80 years old. The client was single when...

For deaths in 2020 or later, we know that a non-eligible designated beneficiary (NEDB) of an IRA is subject to the 10-year rule. Meaning, the account must be emptied by the end of the tenth year after the year of death. In its proposed SECURE Act regulations, the IRS takes the position that when death occurs on or after the required beginning date (RBD – generally April 1 of the year after a person turns 73), an NEDB must also take annual required minimum distributions (RMDs) in years 1 – 9 of the 10-year period.

My friend is 88, in good health, and has a trust. She also has an IRA and wants to give...

Since the raise of the RMD to 72, is the QCD still okay for those who are 70 1/2 and...

Question: If a 76-year-old is working full time and has a SIMPLE IRA and she does not own any of the company that sponsors the SIMPLE IRA, does she still have to take a RMD (required minimum distribution) from her SIMPLE IRA?

I received a form 5498. It showed a 2022 traditional IRA contribution in box 1. I have no problem with...