Category: Secure Act

5 Big Changes to Roth Accounts in Secure Act 2.0

The Secure Act 2.0 was signed into law December 29th, 2022, bringing more major changes to tax law. Among the most notable changes include a

Converting a Traditional IRA to a Roth Before or During Retirement

It doesn’t always make sense to convert a traditional IRA to a Roth IRA. Your current and projected tax rate is often a main component

Rolling Over a 401(k) to a Roth IRA: Should You Convert to a Roth?

Updated for 2024. What are your 401(k) rollover options? You may consider rolling over an old 401(k) to a Roth IRA, which is properly described

3 Strategies to Minimize Taxes on Required Minimum Distributions (RMDs)

Looking for ways to minimize taxes on RMDs? For wealthy retirees, mandatory distributions from retirement accounts can cause taxes to increase sharply. As with all

Kristin McKenna On the SECURE Act – Sirius Business Radio Interview

Darrow Wealth advisor Kristin McKenna, CFP® talks to Your Money host Kent Smetters about the SECURE Act on Sirius Business Radio.

Should You Take a Pension or a Lump Sum?

Should You Take a Pension or a Lump Sum? Deciding between a lump sum or receiving pension benefits monthly requires careful planning and consideration. Though

Ways to maximize the tax benefits of donating to charity

Calculating How Much Charitable Donations Will Reduce Taxes

How much charitable giving will reduce taxes depends on what you donate. The tax deductions for charitable giving will vary for donations of cash, stock,

Options After Inheriting an IRA from Your Spouse

If your spouse has named you as a beneficiary on their traditional IRA, SEP IRA, or SIMPLE IRA, you will need to understand your options

Retirement Planning Strategies for Single Women

Retirement Planning Strategies for Single Women Single and unmarried individuals may be accustomed to being completely self-reliant, but when it comes to saving for retirement,