Do You Think You Can’t Afford A 401(k)? Check Your W-4
Can’t afford a 401(k)? Don’t make that decision before you check your W-4 withholding, especially if you get a tax refund.
Penalty For Missed RMDs Is Reduced; Why You Should Care
While the penalty for a missed RMD has been reduced from 50% to 25% (and possibly 10%), it shouldn’t alter your approach for taking timely RMDs.
Age 72 Or 73? Confused About RMDs From IRAs?
When it comes to required minimum distributions and required beginning dates, be guided by your tax adviser.
Born In 1951? Want To Undo Your RMD? Deadline Is September 30
A recent change in the age for required minimum distributions from 72 to 73 has caused “mischaracterized” RMDs.
Midyear Alert: Have You Taken Your RMD? Should You Make A QCD?
If you haven’t yet taken the required minimum distribution from your IRA for 2023, consider a qualified charitable distribution.
Generation Z Offers Lessons About Saving For Retirement
Generation Z investors, the oldest of whom turn 26 in 2023, are saving for retirement; learning from family is key.
Inherit A Roth IRA? Watch Out For Penalties For Missing RMDs
Considering that Roth IRA withdrawals are not taxable neither to the Roth IRA owner nor to the Roth IRA beneficiary, you may think it odd that an excise tax (penalty) applies if someone who inherits a Roth fails to take his RMDs.
Inheriting A Roth IRA? What If You Are An Eligible Designated Beneficiary?
As an eligible designated beneficiary, you can choose between the 10-year rule and the single life expectancy option for your inherited Roth IRA.