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Question:Greetings,There seems to be a lot of conflicting information on Inherited Roth IRAs, for which I was hoping to get a definitive answer from the experts.My understanding was that a non-spouse beneficiary (who is not an eligible designated beneficiary), who inherits a Roth IRA wouldn’t be subject to annual RMDs but would be subject to emptying the account within 10 years of the original account owner’s death (for account owners who died after 2019, that is). I thought this exception was predicated on the original account owner of a Roth IRA not being subject to a required beginning date (RBD).

Fact pattern: Client X has a ~$100,000 RMD for 2023, of which he has completed ~$25K. Client X wants to...

I think the dust has settled on this issue but I am still seeing a few differing points. A client...

457 Top Hat Ptp was receiving RMDs and passed away in year 2016 at age 86 and payments were stopped....

If you recently converted your traditional IRA to a Roth IRA and you under 59 ½, you will want to know about the five-year rule for penalty-free distributions of converted funds from your Roth IRA. Many people are not aware of it. Not understanding how the rule works can result in heavy penalties when you withdraw your Roth IRA funds.

A little over a month ago I did an in-service direct rollover from my 401K to a ROTH IRA at...

Decedent had 401k in which he was taking RMDs and died in 2022. His 2 beneficiaries each received half. Do...

I have a client who passed and left a NQ annuity to his girlfriend. She wants to do a 5yr...

The IRS link talking about 401(k) plan limits says: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits “However, an employer’s deduction for contributions to a defined contribution...

Hello- Husband and wife participate in a retirement plan and have income too high to deduct Traditional IRA contributions. 1....