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On today’s webinar for the Secure 2.0 RMD Rules, two questions were asked regarding Inherited Roth IRA’s and the RMD...

Greetings, Last January, 2022 I rolled over my pre-tax lump sum pension of $125,000 (no after tax money was in...

Looking for some clarification 1) Child of participant is under age 21 and participant dies before RBD. Child is required...

I have leftover 529 money in 3 accounts for our 3 children who are the beneficiaries. I’d like to do...

If you want to leave your IRA to an adult, you simply name that person on the IRA beneficiary form. Unfortunately, when it comes to minors, it is not that easy.When a minor inherits retirement dollars, the child is not legally able to make financial decisions. A guardian may be needed. Guardians could be named in a parent’s will, and some IRA beneficiary designation forms allow nomination of a guardian. The court can also appoint a guardian, but this can be a long and expensive process.

Jane passed away at age 50 in 2021. Her IRA was left to a trust for the benefit of Jane’s...

Does an inherited Roth IRA *by a non-spouse beneficiary for death after 2019) have an annual RMD in addition to...

If I give my child a gift of $3,000 to put in their Roth IRA how would they report that...

Question:Can an Education Savings Account (ESA) be rolled into a Roth IRA under the recently enacted SECURE 2.0? 529 plans clearly can - beginning in 2024 - but I have found no reference to ESAs. Can you kindly clarify this and direct me to any literature?Thank you,

Here’s the scenario…Father passed away in late 2020; he was 89 years old. His beneficiaries were his 5 children, who...