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Would tax laws allow one to start a new Roth IRA using only the after tax dollars (now cash basis)...

Taxpayer died an in April 2021 before reaching RMD age. Initial and Final 1041 Estate Income Tax return filed for...

Hello, I found this Forum provides great help. My situation is complex. 1. I am age of 65 and found...

In 2022 I switched from a w2 job to having a pllc and working as a sole proprieter with 1099...

When IRA or retirement plan assets are withdrawn prior to age 59 ½, an early distribution penalty of 10% applies - in addition to any taxes owed on the distribution. However, there are exceptions in some cases, including the age 50 exception. While SECURE 2.0 expands this 10% penalty exception for public safety workers, the new law also creates a question.

What are general things to consider when trying to determine whether or not to make a traditional/roth IRA contribution after...

I have bought your books and tapes and have gathered that the correct way is as follows: John A, Matros...

My mother in law passed away, she had an IRA account. All funds were transferred well before 90 days to...

Up to now, employer contributions to 401(k) (and other plans) had to be made to pre-tax accounts. One of the SECURE 2.0 changes already in effect allows employer contributions to be made to Roth accounts. Roth employer contributions are allowed in 401(k), 403(b) and governmental 457(b) plans. (In reality, 457(b) plans usually don’t have employer contributions to begin with.) Keep in mind that this covers employer contributions; many 401(k) (and other) plans already permit Roth employee contributions.