Backdoor IRA Strategies May Backfire If New Tax Bill Passes
A proposed tax code change would mandate an annual required minimum distribution for retirement accounts exceeding $10 million. Full story below.
Tax Problems
IRA
Videos & Info Graphics
A Brief Overview into Retirement Accounts
Looking to open an IRA account? Watch this video to learn the basics of IRAs and find an IRA that is right for your goal.
Retirement Planning
Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress passed the SECURE Act in l
Retirement Planning
Back-Door Roth IRAs
Many individuals who are saving for retirement favor Roth IRAs over traditional IRAs because the former allows for both accumulation of account earnings and pos
Required Minimum IRA Distributions Will Resume in 2021
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. Thi
IRA Withdrawal Planning Can Save on Taxes
Advance planning can, in many cases, minimize or even avoid taxes on IRA distributions and other qualified plan distributions. When contemplating future retirem
Video: Don’t Miss the Opportunity for a Spousal IRA
Watch this video for what to know about Spousal IRAs, an opportunity for a spouse with low or no income to contribute to his or her own IRA.
Keeping Your Designated IRA Beneficiary Current is Important
Keeping your designated IRA beneficiary current is very important. You may not want your account going to your ex-spouse, and you certainly do not want a deceas
Unique IRA Opportunities for 2020
As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional IRA accounts. These range
