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
Retirement News
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
The Medicare Coverage Trap
Do not fall into the Medicare coverage trap! Let’s look at a hypothetical situation. You find yourself retiring and your employer has a very good medical plan. Rather than signing up for Medicare … [Read more...] about The Medicare Coverage Trap
