Displaying 33 results
Once again, IRS waives RMDs for beneficiaries subject to the 10-year rule
The new relief on required minimum distributions for this year builds on previous IRS relief for RMDs in 2021, 2022 and 2023.
Advisors see giving surge in late 2023 extending into 2024
Schwab Charitable says donors granted more than $6.1 billion to charity in 2023, a year-over-year increase of 31 percent.
Planning for the largest IRA balances ever in 2024
Here are tactics to use this year given the opportunities for record stock values at the end of 2023.
Wrong birthday info led to $130K in RMD penalties, plaintiffs say
A Wells Fargo client who was born in 1939 had his birthdate incorrectly recorded as 2001, according to a lawsuit.
Year-end QCD mistakes to avoid
The great tax benefits of qualified charitable distributions can be forfeited if the rules aren't followed.
RMD data, Schwab communications roil indie advisors post-TD
Advisors who custodied at TD Ameritrade are adjusting to life under Schwab.
IRS provides limited RMD relief
After the SECURE 2.0 Act's new rules resulted in confusion, the IRS issues notice providing relief on required minimum distributions.
Tax hangover tees up client discussions about new RMD strategies
The SECURE 2.0 legislation, tax rates and other changes can pave the way for conversations with clients about strategies around required minimum distributions, Ed Slott says.
Which beneficiaries are subject to RMDs by year-end?
This list is longer than you might have thought, and it’s more confusing than ever before. And the penalty is still 50% if the RMD isn’t taken.
Your RMD questions answered
New (and confusing) IRS rules about required minimum distributions raise new questions for advisers.
Advisers cheer SECURE 2.0 and renewed focus on retirement savings
The proposed legislation's popular provisions include increasing the RMD age to 75 and allowing employers to match student loan payments with retirement plan contributions.
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.
TIAA participants waiting longer to retire
Required minimum distributions are becoming the de facto default distribution choice for retirees, TIAA data show.
Retirees de-risk and base income on RMDs, research finds
J.P. Morgan Asset Management, EBRI say retirees' spending rises when Social Security and required minimum distributions begin.
Congress should continue updating the retirement system
The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.
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.'
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