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It is necessary to ever convert a SARSEP IRA to a Traditional IRA after an individual retires and no longer...

Question:Hi,Thank you for all the helpful insight on retirement. I wish I heard about your website earlier. I turned 72 last year and followed your advice on QCDs (qualified charitable distributions) but don't know how to claim it.My RMD (required minimum distribution) was $50k in 2022. I did a QCD of $10k and then withdrew $40k by the end of 2022. My taxable amount should be $40k and not $50k as listed on the 1099-R. How do I reflect that in my tax filing?Thank you for your assistance.

How much can you contribute when you’re in two different retirement plans at the same time or at different times in the same year (e.g., after changing jobs)? The answer is complicated because there’re actually two different contribution limits – the “elective deferral limit” and the “overall contribution limit.”

I received a Form 1099-R from my insurance company on an qualified (IRA) annuity I annuitized last year. The payout...

I turned age 72 in March 2022. I was required to take my first required minimum distribution (RMD) on an...

I have a prospect who has a concentrated position in her employer’s company stock within her 401(k). She sold some...

We have a client who is fairly adamant about naming a trust as the beneficiary of his IRA, rather than...

Hello, I have a sole proprietor wants to make a SEP contribution now for 2022, but doesn’t have the cash...

I have a unique situation that I don’t believe I have found addressed anywhere, though an article on this blog...

Question If the remaining spouse left the deceased IRA “as is” how long can that IRA remain uninherited before a...