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Although the U.S. divorce rate is in a steady decline, it’s still one of the highest in the world. And with divorces often come QDROs – “qualified domestic relations orders.” A QDRO is a state court order obtained by divorcing couples that requires a company plan to pay a portion of the benefit of the spouse participating in the plan to the other spouse.

Is the “See Through Trust” still valid with the new RMD laws. Meaning, I named my Trust as my IRA...

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...