The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance.
3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA
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Beneficiary
Guide to the ROTH IRA: Summary of features and specs.
Ready to dive into the world of ROTH IRAs? Great choice! These retirement accounts can be beneficial when pursuing a solid financial future, especially if you are not a big fan of taxes. Let’s break it down in plain, understandable terms, shall we? What is the...
What is an IRA?
According to the Internal Revenue Service, IRA stands for Individual Retirement Arrangements (IRAs).1 Let’s break it down from there. First (and foremost) they are owned by individuals. They are not owned by couples, and they are not usually provided by employers....
Are you prepared for things to go terribly wrong?
Cynthia woke up. Everything was blurry, including the talking. She tried to move, but everything hurt too much. She laid there on her back, trying to make sense of the situation. What was happening?
Inherited IRA rules tripped up Mandy’s CPA
Don built a business, and a remarkably successful investment portfolio. He and Charlene enjoyed many years together in retirement.
Ellie is Born – Vlog
Inside that football-sized roll of towels, is a newborn baby. Nine months in the making, a lifetime ahead, fraught with challenges only begun by the arduous passage called birth.
Can you escape this 529 tax consequence?
The Section 529 Plan is one of the best vehicles for accumulating education funds, because they can benefit both the student and the contributor.
Controlling Your IRA Beneficiaries
It has been fifteen years since Rob and Gina were first subject to the Required Minimum Distribution (RMD). They both turned 85 this year, and as with so many events in their lives.
Prefer Your Grandkids to Your Kids?
The beneficiary of an IRA has significant tax benefits which should not be overlooked when naming the beneficiaries and contingent beneficiaries on retirement accounts such as IRA and 401(k) plans.
Recovery Injuries
Autumn 2011 In this edition: Market Update: Recovery Injuries “Running a marathon puts tremendous stress on …” Racing Update “… I ran the Long Beach International City Bank Marathon …” by Ralph Bender,...