Displaying 213 results
The IRS answers a crucial penalty question for missed RMDs
The tax collector says there will be no 50% penalty for missed 2021 and 2022 RMDs for beneficiaries subject to the 10-year rule.
Taking RMDs in the form of stock
Clients don't have to sell stocks in their individual retirement accounts to take their required minimum distributions.
Confusion about RMDs on inherited IRAs
New IRS rules complicate the calculation of required minimum distributions for those who have inherited individual retirement accounts.
Update estate plans for IRAs with these 3 steps
Many clients aren't aware that plans they made long ago to leave individual retirement accounts to their beneficiaries may not work as intended, given the SECURE Act and recent IRS rules.
Stretch IRAs still exist for some beneficiaries
Although the SECURE Act eliminated stretch IRAs for most beneficiaries, replacing them with the 10-year post-death payout rule, some beneficiaries can still use a stretch IRA.
Your RMD questions answered
New (and confusing) IRS rules about required minimum distributions raise new questions for advisers.
The new IRS 10-year RMD rule isn’t what we thought it was
The big surprise was the IRS' announcement that if an account holder dies after their required beginning date, required minimum distributions would be required for years one through nine.
Confusion about 2022 required minimum distributions
Should a client use old tables, new tables, both tables or no tables to calculate their RMDs this year? It depends ... and advisers need to know the answer.
Early planning on qualified charitable distributions can mean bigger tax savings
When required minimum distributions begin, QCDs can reduce or eliminate the income tax on the RMD income — if the timing is right.
5 ways to add value with year-end tax planning conversations
As the end of the year approaches, here's a round-up of the best retirement tax planning ideas for 2021.
Tilt odds in clients’ favor to win year-end Roth conversion bet
Congress has retirement accounts in its sights for future tax increases, but financial advisers can help their clients make some defensive moves now.
Congress is going after the largest IRAs
The proposals in Congress might not become law, but clients are hearing about them and want to hear from their advisers on planning moves they could make to be better prepared.
Court rules inherited 401(k) funds are protected in bankruptcy
A North Carolina Bankruptcy Court decided that inherited 401(k) accounts do indeed receive creditor protection under ERISA as long as the funds are still in the plan at the time of the bankruptcy filing.
IRA trustees wipe out an inherited IRA — their own
A lifetime of accumulation and growth goes up in smoke because the beneficiaries don’t know the IRA trust tax rules. Advisers can help their clients avoid such colossal blunders.
Time’s running out for a mega qualified charitable distribution!
2021 is the last year your clients can use their retirement funds for unlimited charitable giving as a result of provisions in recent tax laws.
Midyear checkup on required minimum distributions
On June 30, the SECURE Act change in the age at which RMDs must begin, to 72 from 70½, will be complete, and the confusing half-year era will finally end.
IRS says RMD rules are coming ‘soon’
An IRS official tells a bar association gathering that the arrival of proposed regulations covering the SECURE Act's required minimum distribution provisions will be 'later than imminent but before eventually.'
IRS clarifies the 10-year rule, but with added confusion
The agency released a revised version of its publication covering rules on inherited IRAs that confirms there are no RMDs required during the 10 years. But the publication raises another question.
Another IRS update on the 10-year rule
The agency says it's revising Publication 590-B, which caused the confusion about the 10-year rule on required minimum distributions under the SECURE Act.
Congress, stop the madness and eliminate RMDs
The proposed SECURE 2.0 legislation seeks to raise the age for required minimum distributions, but that will create more problems than it solves.
