Important estate planning moves before year-end
Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.
Tag: required minimum distributions
Age milestones can trigger financial planning
Reaching certain age milestones can be significant for many different reasons, including financial planning.
SECURE 2.0 clears a key hurdle
The House passed SECURE 2.0 that expands on landmark retirement legislation enacted in 2019.
Retirees may keep more savings under new guidelines
The Treasury Department updated the life expectancy projections used to calculate RMDs which may allow retirees to keep more savings longer.
More clarity on Secure 2.0 retirement bill
A new retirement bill, known as Secure 2.0, recently passed a key House committee and will be considered by the full House at some point.
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.
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.