Individual Retirement Accounts - IRAs
Strategies for maximizing your Individual Retirement Account (IRA’s) Investments, Tax Savings and Timing of Required Minimum Distributions
Found 387 Articles.
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Know The Important Differences Between Roth IRAs and Roth 401(k)s
Many employers now offer Roth versions of their 401(k) plans. Though many people believe Roth IRAs and Roth 401(k)s (known formally as designated Roth 401(k) plans) are identical, there are important differences between the two types of retirement plans. You know the basic differences between Roth-type accounts and traditional IRAs and 401(k)s. In the traditional […]
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 72. There are a few exceptions. The exceptions don’t apply to IRAs. You must take RMDs from traditional IRAs after age 72. But the exceptions do apply to some qualified retirement plans, such as 401(k) plans. […]
What You Need to Know About 2022 RMDs
Investment prices are lower than they were last Dec. 31, and that raises concerns for many people who must take required minimum distributions (RMDs) from qualified retirement accounts, such as IRAs and 401(k)s. After age 72, annual RMDs are mandatory from traditional IRAs and most employer retirement plans. RMDs for the year are based on […]
A Little-Known Way To Supercharge Your IRA
Many people could achieve a couple of retirement finance goals by adding a qualified longevity annuity contract (QLAC) to their IRAs. Even if you never buy one, you should look at QLACs and know their advantages and disadvantages. (Qualified longevity annuity contracts were created in regulations issued by the IRS in 2014.) They’re an IRS-approved […]
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Three Reasons to Turn Part of Your IRA into a QLAC
Many people could achieve a couple of retirement finance goals by adding a quali- fied longevity annuity contract (QLAC) to their IRAs. Even if you never buy one, you should take a look at QLACs and know their advantages and disad- vantages. QLACs were created in regulations issued by the IRS in 2014. They’re an […]
What the SECURE Act, New IRS Regs Mean for Spouses Who Inherit IRAs
Surviving spouses need to know the special options and opportunities they have when inheriting IRAs, 401(k)s and similar retirement accounts so they’ll maxi- mize the after-tax value of the accounts. Retirement accounts often are among the most valuable assets in- herited. Making the wrong decision with an inherited retirement account can trigger thousands of dollars […]
IRS Proposed New Rules for Inherited IRAs Under the SECURE Act
The rules for inherited IRAs were upended when the Setting Every Commu- nity Up for Retirement Enhancement (SECURE) Act was enacted in 2019. They were upended yet again in late February 2022 when the IRS released proposed regula- tions under the SECURE Act. The SECURE Act ended Stretch IRAs for most taxpayers who inherit IRAs […]
New Rules for Inheriting IRAs: Updated for the SECURE Act of 2019 and the February 2022 Proposed Regulations
The rules for individual retirement accounts (IRAs) were upended with the enactment of the SECURE Act of 2019 and again with the release of the IRS’s proposed regulations in February 2022. In the latest episode of the Retirement Watch Spotlight Series, I discuss in detail how the picture for inherited IRAs has been altered. I […]
