Can You Wait Until April 1, 2022, To Take RMD From IRA Inherited In 2021?
If you inherit an IRA, it's important to know which rules apply to your situation if an RMD needs to be taken before the end of the year.
Did You Inherit An IRA? Call The IRA Custodian For Help
If you are the beneficiary of an IRA and the owner of it passes away, the IRA custodian can help you navigate the process of inheriting the IRA.
Did You Inherit An IRA In 2021? You May Need To Act Before Dec. 31, 2021, To Avoid Hefty (50%) Penalties
If you inherited an IRA from someone who was taking RMDs, you may need to act before the year ends if the deceased owner did not withdraw the full RMD for 2021.
New For 2022: Roth IRA Changes You Need To Know
The maximum Roth IRA contribution for 2022 remains $6,000 (with a $1,000 catch-up for age 50 and up), but the phase-out ranges for eligibility have changed.
New 2022 IRA Limits: Get Ready Now!
While there is no change in the amount that can be contributed to an IRA in 2022, there are changes in the income ranges for deducting those contributions.
How Do RMDs Work If You Have More Than One IRA? And, Do Women Get A Break?
The same divisor is used to calculate RMDs if you have more than one IRA, but you don’t have to make withdrawals from each IRA to satisfy the RMDs.
Still Working After Age 65 And Thinking Of Moving?
The Bureau of Labor Statistics found that in 2020, 10.6 million people 65 and older were in the workforce, with the number expected to hit 16 million by 2030.
Good News: 401(k) Contribution Limits Are Rising In 2022
The new contribution limit of $20,500 for 2022 applies to 401(k) plans, along with 403(b) plans, most 457 plans and Thrift Savings Plans.