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
Category: Updated for 2022
2022 IRS Contribution Limits
The IRS has released the 2022 contribution limits for retirement plans and other cost-of-living adjustments.
Avoid the Double Tax Trap When Making Non-Deductible IRA Contributions
Updated for 2023. Anyone with earned income can make a non-deductible (after tax) contribution to an IRA and benefit from tax-deferred growth. But it may
What Happens to Stock Options in a SPAC Merger?
Although the most common way for a company to go public is through the traditional initial public offering (IPO) process, it’s not the only method.
Inherited a 401(k) From a Parent? Tax Planning for Distributions
If you’ve inherited a 401(k) from a parent, you likely have questions about your options for the account and the tax impact. Luckily, non-spouse beneficiaries
What To Do With Excess Cash: 7 Ways to Use Extra Savings
What should you do with excess cash? If you are holding too much cash, consider how to use the extra money to your benefit. If
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?
What are your 401(k) rollover options? You may consider rolling over an old 401(k) to a Roth IRA, which is properly described as a Roth
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
Do I Need a Trust If I Have a Will?
A will and a trust are two different estate planning tools. Consider a will like a high-level set of instructions for after you pass away.