New Rules May Limit Taxpayers’ Max QCDs From IRAs
If you have deductible contributions to your IRAs after age 70 1/2, they can reduce the maximum amount for your qualified charitable distributions (QCDs).
Where Are Those New RMD Tables For 2022?
If you do an online search for the new RMD tables to use for your 2022 RMD, you might find yourself going in circles. But there are ways to locate them.
Do You Need A ‘Trusted Contact’ To Help Protect You?
Before you sign a trusted contact form, you need to make sure your contact is just that – trusted. You also need to understand the scope of what you are agreeing to.
Can You Contribute To A 401(k) And An IRA At The Same Time?
You can contribute to an IRA even if you also are contributing to a 401(k) plan at work, but there are some limits.
More Questions About QCDs And IRAs
QCDs are a good way to donate to charity using your IRA account. But, there are age requirements, monetary limits and protocols to follow.
Make A 2021 Donation Before It’s Too Late
There are only a few days left before the end of the year to make charitable contributions, including QCDs, for 2021.
If You Are Still Working, Do You Need To Take An RMD?
If you are working for a company when you reach the age for starting RMDs from that company’s 401(k), generally, you can delay taking the RMDs until you retire.
Confused By The New SECURE Act’s 10-Year Rule For Inherited IRAs?
The SECURE Act sets a time period of 10 years for the full distribution of an inherited IRA, but only for deaths occurring after 2019 and not for all beneficiaries