Qualified Charitable Distributions Reduce Tax Burden
A qualified charitable distribution is a direct transfer of traditional IRA funds to a qualified charity.
January 16, 2023
How Charitable Giving can Benefit the Giver
With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
December 21, 2022
Managing your Inherited Retirement Account
There’s almost always a reckoning when the government proffers a tax break. So it is with individual retirement accounts (IRA)s, 401(k)s and similar accounts that investors fund with pre-tax earnings.
October 25, 2022
IRAs can be used to make Charitable Bequests
There’s a tax-smart way to make bequests by using assets from individual retirement accounts at death.
October 3, 2022
How Do Inherited IRAs Work?
When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person’s loved ones through an inherited IRA.
September 14, 2022
Roth IRAs are Powerful Retirement Savings Tools
Roth individual retirement accounts allow you to pay income tax on your retirement savings upfront, so you won’t be stuck with a tax bill in retirement when you can least afford to pay it.
May 19, 2022
There are the New IRA Distribution Rules
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
April 20, 2022
Alternatives to replace Stretch IRA
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
March 28, 2022
Ways to manage Taxes on Inherited IRAs?
Tax rules on individual retirement accounts (IRAs) are different for inherited IRAs. Some differences are positive.
March 22, 2022
Consider withdrawing more than RMD
Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big picture. For some people, it makes sense to go big.
February 15, 2022