A required minimum distribution (RMD) is the amount of money that must be withdrawn annually from specific retirement plans, such as 401(k)s and certain IRAs, including the traditional IRA. … [Read more...] about How to delay your RMDs
Retirement News
Inherited IRAs
IRS Finally Figures Out What is Going On Way back in 2019, Congress passed the SECURE Act. One provision of this Bill changed the taxation of inherited IRAs on non-spousal … [Read more...] about Inherited IRAs
529 Plan Rollover to a Roth IRA
Starting January 1, 2024, the SECURE Act 2.0 has made it possible to roll over over-funded 529 plans to a Roth IRA to help save for retirement. Most parents are concerned that they won’t be able to … [Read more...] about 529 Plan Rollover to a Roth IRA
IRS delays implementing Roth Catch-up contributions until 2026
The new rules regarding Roth catch-up contributions, which were supposed to start in 2024 have been delayed until 2026. What is a catch-up contribution? Catch-up contributions are additional … [Read more...] about IRS delays implementing Roth Catch-up contributions until 2026
Retirement Planning – Health Savings Account (HSA)
Kiplinger published on January 5 an article by Kevin Webb, CFP, about using HSA accounts to fund retirement. Déjà vu: Our July 5, 2016 Blog Discussed this Strategy. When financial advisors … [Read more...] about Retirement Planning – Health Savings Account (HSA)
Medicare Card Scam
Medicare Card Scam Temporary Medicare Card Scam Although you may not be enrolled in Medicare, you may have family members, neighbors or employees who are, and this is important information that … [Read more...] about Medicare Card Scam
