Site search

Recently deceased retired NYC teacher left her TDA to a grandchild via an irrevocable trust under her will which is...

Whats the process for making a missed SEP IRA contribution after the deadline and after your taxes have already been...

Hello, My question is related to earnings on an Roth excess contribution that remain in an IRA because the contribution...

One important way that IRAs differ from company retirement plans is with respect to spousal financial rights. Most married IRA owners do not need spousal consent before designating a beneficiary other than the spouse. By contrast, most married plan participants do need to get their spouse to agree to a non-spouse beneficiary. And married participants in some types of plans also need spousal consent before taking a lump sum distribution from the plan.

I know there is an ongoing 6% penalty tax on overcontribution to Traditional IRAs until corrected. A client made EXCESS...

Good evening. A client inherited her portion of her father’s TSP. What type of qualified account could be created to...

A non-spouse in her 60’s inherited an IRA from her uncle who was in his 80s and taking RMDs. Can...

More 401(k) plans are starting to offer Roth options. If you now have this option, you may be wondering what the difference is between a Roth IRA and a Roth 401(k). Which account is right for you?These accounts have a lot in common. Both offer the ability to make after-tax contributions now in exchange for tax-free earnings down the road if the rules are followed. However, there are some important differences between the two plans that you will want to understand.

If a nonspouse inherits a 401K in 2022, and the custodian performs a “force out of RMD distribution” in 2022,...

I have a client that contributed $489 too much to their HSA in 2022. His limit was $8,300 but he...