Spouses have more flexibility when inheriting IRAs
The tax code gives preference to spousal beneficiaries with more choices and potentially more advantageous tax treatment of required distributions.
The tax code gives preference to spousal beneficiaries with more choices and potentially more advantageous tax treatment of required distributions.
The SECURE Act 10-year rule set new guidelines for distributing inherited retirement accounts and has impacted retirement planning.
Explore six changes to retirement from the passage of the SECURE Acts and get essential insights to enhance your retirement planning.
The IRS recently delivered more guidance for heirs on how to handle RMDs with inherited accounts.
Tax credits for start-up retirement plans, Roth strategies and easing rules around RMDs were among the top advisor questions about SECURE 2.0.
The SECURE 2.0 Act seeks to enhance retirement savings and will likely impact a variety of retirement planning and tax strategies.
SECURE 2.0 garnered significant bipartisan support in Congress and expands on the goals of the 2019 bill to help people save more for retirement.
Year-end is an opportune time to review retirement savings plans and determine if any adjustments are needed.
As year-end approaches, taxpayers may consider strategies to try to hedge the risk of higher taxes and mitigate the tax burden.
While many retirees know the basics of RMDs there are many aspects of the process that may not be fully understood.