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If a plan allows a participant to select the source of a 401(k) loan, is borrowing from the Roth 401(k)...

I am interested in your interpretation of the RMD (required minimum distribution) rules using the following facts:Original IRA owner’s DOB is 1/21/29 Original IRA owner’s date of death is 12/29/21

Hello, The question comes up often where a person leaves a company and is receive severance pay after they separate...

SECURE 2.0 is a mammoth piece of legislation that contains over 90 provisions that affect retirement accounts. While many of these provisions are not game changers, they still can be very helpful to specific groups of retirement savers. One of these is the provision that eliminates the 10% early distribution penalty that applies to net income attributable (NIA) when an excess IRA contribution is corrected by withdrawal.

Client died on 12/29/2022 after fully satisfying the RMD for 2022. Processing of the deceased individual’s account to the beneficiaries...

2021 Age 58 I retired after 30+ years in Nov ’21. But no changes or post retirement withdraws, Transfers, Rollovers,...

By now, most are aware the SECURE Act created a new class of beneficiaries called “eligible designated beneficiaries” (EDBs). This group includes surviving spouses, minor children of the account owner (until age 21), disabled individuals, chronically ill individuals, and people who are not more than 10 years younger than the IRA owner. (Those older than the IRA owner also qualify.)

Before I retired, I opened a Roth IRA in 2015 to ‘start the clock’ on the 5 year rule. I...

I had a meeting with a client today that told me during a call with social security, she was told...