SECURE 2.0 raised the RMD age to 73 for those turning 72 in 2023 or later. It rises to 75 in 2033. Non-spouse beneficiaries who inherited IRAs after 2019 must take annual RMDs in years 1-9 if the ...

This year has been full of major events. It began in January with the inauguration of a new president and the most destructive wildfires in Los Angeles’s history. A trade war soon followed, sparked by ...

Dealing with the death of a loved one is hard enough. Having to navigate the complexities of inherited retirement accounts can add to that stress. But understanding your options can help you avoid a ...

Knowing these rules can help you avoid big penalties or unnecessary withdrawals. Unfortunately, the government won't let you keep growing your savings tax-free forever. Eventually, it imposes required ...

The SECURE acts introduced several major changes to RMDs over the last few years. The changes impact both retirees and those who inherited an IRA within the last five years. Knowing the rules could ...

When his wife, Kathy, inherited a $246,000 traditional individual retirement account from her mother last year, Brian Creighton said they felt blessed and wanted to be good stewards of the money. The ...

Readers of my column know I emphasize the importance of naming beneficiaries for every IRA account. Many ask under what circumstances they should consider naming a trust as an IRA beneficiary. In a ...

Naming your trust as the beneficiary of your IRA could have terrible tax consequences. This single fact does not mean you should never name a trust as the beneficiary of your IRA or other retirement ...

The rules for inherited IRAs can be complicated. Generally, you need to withdraw the account balance in 10 years. You also need to be mindful of required minimum distributions. CEO says this is worth ...

The rules for inherited IRAs can be complicated. Generally, you need to withdraw the account balance in 10 years. You also need to be mindful of required minimum distributions. Losing a parent can be ...

Recently I was the spousal beneficiary of my wife’s IRA. I went over the options with the major financial group holding the IRA. I made a choice based on the information given, but I admit published ...