Need A Nudge To Save For Retirement? Today Is 401(k) Day!
When saving for retirement, you owe it to yourself to optimize time and to maximize the benefits your 401(k) plan offers.
No RMD Because You Are Under 72 — Can You Do A QCD Anyway?
The SECURE Act shifted the age for required minimum distributions from 70 1/2 to 72, but it did not change the age (70 1/2) for qualified charitable distributions.
Is The Pandemic Affecting Your Retirement Saving?
While many people have seen their retirement accounts reach new highs, others have faced challenges when it comes to saving for retirement, according to a Fed report.
2020 RMD: Meet IRS Form 8606
Form 8606 is used for certain instances involving IRAs, including nondeductible contributions to traditional IRAs, distributions from Roth IRAs and Roth conversions.
CARES Act RMD Vacation Is Over; What’s The Best Withdrawal Strategy For 2021?
Thanks to the CARES Act, which suspended RMDs for 2020, you did not have to take RMDs from your traditional IRAs and other tax-deferred accounts.
1099-R Says “You Owe Tax” - What Happened To Your 2020 IRA RMD Rollover?
Should you be worried if you redeposited your RMD before the 2020 deadline, yet your Form 1099-R leaves the impression that you kept the money?
As Of Today, 2020 RMD Suspensions Are Finally Good For All, Says IRS
Last April, in “Why the 2020 RMD Suspension is Not Fair to All,” I recounted the story of an early bird “RMD-er.”
401(k) Role Models Step Forward Even During The Pandemic
I’d like to introduce you to three of them. Bari Scheinbach from Movéo, Laura Dobbins from Magellan Health and Steven Dibble from Stratford School.