The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.
A strategy that allows investors to make an IRA-to-HSA transfer may be used only once in a lifetime.
Changes to retirement savings plans are expected in White House budget proposal.
DOL hears pros and cons of fiduciary rule
The Department of Labor is proposing a new rule for individual retirement accounts that could impact how advisors offer advice and charge fees for IRAs.
Investors who typically use a rollover strategy for multiple individual retirement accounts (IRAs) will need to reconsider because of a rule change that took effect this year. A decision by the United States Tax Court that limits the number of IRA rollovers an individual can perform in a year was implemented in January 2015. IRA
Some energy tax credits, along with deductions for college expenses and charitable giving, are among dozens of tax breaks that expired at the end of 2013 and will not be reinstated unless Congress takes action. The Joint Committee on Taxation reports that 55 temporary tax provisions, also known as “tax extenders” because they are often
Some 401(k) plans allow participants to transfer money while they are still working. If your plan provides for in-service withdrawals, funds may be transferred to an individual retirement account, which could provide access to more investment options and the ability to consolidate accounts. Transferring funds out of a 401(k) could have some disadvantages, however, such