Sudden Wealth

ForbesInheritanceSecure ActSudden WealthTax & Estate PlanningTax planningUpdated for 2022

IRS Wants to Change the Inherited IRA Distribution Rules

UPDATE: On October 7th, 2022, the IRS released Notice 2022-53 announcing final regulations will be forthcoming and will apply (at earliest) to the 2023 distribution year. Individuals affected by the new rules who ‘failed’ to take RMDs in 2021 and 2022 will not be subject to the ordinary penalties. Although the proposed…
Kristin McKenna
August 8, 2022
ForbesRetirement PlanningSudden Wealth

Is 10 Million Enough to Retire?

Can you retire on 10 million dollars? For many Americans, this hefty sum would far exceed retirement needs and may even lead to generational wealth. However, individuals with high incomes often require a larger portfolio to maintain their lifestyle in retirement. Or if you're expecting sudden wealth from stock options…
Kristin McKenna
January 17, 2022