Five key changes proposed by Secure Act 2.0
The House last week introduced a bipartisan bill, known as Secure Act 2.0, to expand retirement plan participation and savings.
Tag: required minimum distributions
New rule under SECURE Act blocks tax abuses using QCDs
The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.
Now’s the time to review and act on retirement accounts
With different tax rules and penalties for forgotten distributions, it’s important to review retirement accounts before the end of the year.
Provision to make tax-free donations using an IRA is permanent
Retirees at age 70½ may direct IRA assets to a charity tax-free under a provision made permanent by Congress.
Tax-smart planning strategies for year-end
Consider strategies like gifting and required minimum distributions in year-end planning.
It’s never too soon to talk about year-end planning
Consider these tax and estate-planning ideas for year-end planning.
Five year-end planning ideas that could reduce the tax bill
With tax bills among clients’ top concerns, year-end planning offers an opportune time to take advantage of tax-smart strategies and meet 2014 deadlines. Here are five year-end planning ideas that require action by December 31, 2014, that could help you identify ways to build your business. 1. Review required minimum distributions (RMDs). Many investors take
The urgency behind year-end planning
The end of year is a critical time for financial planning — with many strategies having a December 31 deadline. Chris Hennessey explains why urgency about financial planning moves may be specific to the final quarter of the year, including: required minimum distributions, gifting, funding a 529 college savings plan, or reviewing asset allocations. Investors