Individual Retirement Accounts - IRAs
Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions
Found 388 Articles.
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Knowing When RMDs Can Be Delayed
Not everyone has to begin taking required minimum distributions (RMDs) from all qualified retirement plans right after reaching age 70½. There are a few exceptions in the tax code. The exceptions don’t apply to IRAs. You must take RMDs from traditional IRAs after age 70½. But the exceptions do apply to some qualified retirement plans, […]
Optimizing RMDs from IRAs
It is time for many individual retirement arrangement (IRA) owners to consider carefully their required minimum distributions (RMDs). When you’re older than age 70½, you have to take RMDs from IRAs and other qualified retirement plans each year. The IRS realized a few years ago that many people were calculating their RMDs wrong, or not […]
IRS Makes it Easier to Waive 60-Day IRA Rollover Requirement
New IRS guidelines make it easier to obtain a waiver for missing the 60-day requirement to rollover a distribution from an IRA or qualified retirement plan. When money or property is taken from a traditional IRA, 401(k), or other qualified retirement plan, the amount of the distribution normally has to be included in gross income. […]
Be Sure Your Heirs Don’t Mess Up Your IRA
Most of you put a lot of resources into accumulating your IRAs. They’re among the most valuable assets you own. You also took the time to include IRAs in your estate plan so they can pass to your loved ones at the lowest tax cost. You probably planned for your loved ones to benefit from […]
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Understanding the Rules of IRA Contributions
Contributing to an individual retirement account (IRA) is an action that every account holder should be familiar with and comfortable doing. While, on the surface, contributing may seem like a simple enough part of managing an IRA, it is actually an incredibly important pillar of the retirement finance sector. As an experienced IRA owner can […]
IRS Gives People a Break on IRA Rollovers
You know that when you take money from IRAs, you have 60 days to put that amount of money in the same or a different IRA or other qualified retirement plan. If you miss the 60-day deadline, you have to treat the amount as a distribution and include it in gross income. The IRS could […]
Two Ways to Avoid IRA RMDs with No Out-of-Pocket Cost
We’ve been in the vanguard of showing owners of traditional IRAs how to maximize the after-tax value of the IRAs left to heirs. We do that by minimizing or avoiding required minimum distributions (RMDs) and searching for ways to turn IRAs into tax-free, guaranteed money. In the past, I’ve shown you several strategies that achieve […]
Avoiding Dangerous IRA Investments
We addressed the Checkbook IRA last month that lets you own nontraditional assets in your individual retirement account (IRA). Set it up properly, and your IRA isn’t restricted to the usual mutual funds and publicly listed stocks and bonds. There are quite a few investments you can own through the Checkbook IRA (also known as […]
