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If you recently converted your traditional IRA to a Roth IRA and you under 59 ½, you will want to know about the five-year rule for penalty-free distributions of converted funds from your Roth IRA. Many people are not aware of it. Not understanding how the rule works can result in heavy penalties when you withdraw your Roth IRA funds.

A little over a month ago I did an in-service direct rollover from my 401K to a ROTH IRA at...

Decedent had 401k in which he was taking RMDs and died in 2022. His 2 beneficiaries each received half. Do...

I have a client who passed and left a NQ annuity to his girlfriend. She wants to do a 5yr...

The IRS link talking about 401(k) plan limits says: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits “However, an employer’s deduction for contributions to a defined contribution...

Hello- Husband and wife participate in a retirement plan and have income too high to deduct Traditional IRA contributions. 1....

Recently deceased retired NYC teacher left her TDA to a grandchild via an irrevocable trust under her will which is...

Whats the process for making a missed SEP IRA contribution after the deadline and after your taxes have already been...

Hello, My question is related to earnings on an Roth excess contribution that remain in an IRA because the contribution...

One important way that IRAs differ from company retirement plans is with respect to spousal financial rights. Most married IRA owners do not need spousal consent before designating a beneficiary other than the spouse. By contrast, most married plan participants do need to get their spouse to agree to a non-spouse beneficiary. And married participants in some types of plans also need spousal consent before taking a lump sum distribution from the plan.