IRA
IRA
 

Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance that you may not have considered. Here are some things you may want to keep in mind if it comes to pass. Read more »

Beneficiary Bequeath Death Estate Inheritance IRA Legacy SECURE Act Tax Taxation Wealth Will

 

Is it time to contribute more? Preparing for retirement just got a little more financial wiggle room. The IRS has announced new contribution limits for 2022. Read more »

401k Contribution Limits IRA Roth IRA SIMPLE IRA

 

Do you know what has changed for I.R.A. beneficiaries?

New inherited I.R.A. rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement Account (I.R.A.) distributions. Read more »

#InheritedAssets #InheritedIRA #IRA #ROTHIRA Inherited IRA IRA ROTH IRA

 

A choice for IRA owners who want to reduce taxes linked to IRA distributions.

Do you have an IRA? As you enter your 70s, you may start to look at that IRA not only as an asset, but also as a problem. By law, you must take required minimum distributions (RMDs) from a Traditional IRA once you reach age 72; there are very few exceptions to this. Read more »

#IRA #RMD IRA Philanthropy QCD Qualified Charitable Distributions Required Minimum Distribution RMD

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