Overfunded 529 Plan? Consider a Roth IRA Rollover
A new law effective in 2024 permits 529 money to be rolled into a Roth IRA. However, there are rules and limits to consider.
Additional Thoughts About QCDs
In order to understand why QCDs might be a reality in most older IRA owners’ lives, consider this simple premise: Do you want to donate to charity? Do you have an IRA in RMD phase?
More on Federal Estate Tax Exemptions
Law firms are talking with clients about being prepared in case there is a reversion to the lower exclusion amounts found in the 2017 Tax Cuts and Jobs Act.
Is It Worth Your Time to Research Your Adviser?
You can find out the disciplinary history of the investment firm or the individual who handles your money, but it can take some time to work through the details.
It’s Time to Check Mutual Fund Capital Gains Distributions
If you own mutual funds outside of your retirement accounts, be sure to check on upcoming capital gains distributions. You may still have time to avoid paying taxes on those gains.
Timing Is ‘Right Now’ for QCDs
If you have not yet taken your required minimum distributions from your IRAs for 2024 and are interested in donating to a charity, a QCD can solve both issues.