by Kenny | Jan 3, 2025 | Uncategorized
How Secure 2.0 and inflation adjustments will affect retirement savers and spenders. For retirement savers, the ringing in of the new year will bring more than the usual inflation adjustments to retirement contributions. The retirement legislation known as Secure 2.0... by Kenny | Jan 2, 2025 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education Question: Hello, Our daughter (age 50) is the sole beneficiary of her husband’s (age 52) IRA due to his death in April 2024. Is there a time limit for when she must either take ownership or roll it... by Kenny | Dec 30, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst I counted them. This year the Slott Report published 101 blog articles. While other sites add “pay-for-content” firewalls, we continue to pump out incredibly valuable and important information, week after week, totally free...
by Kenny | Dec 28, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Market action was mixed in a holiday-shortened week of trade. The Santa Clause rally, which runs for the last five trading sessions of the year through the first two trading sessions of the New Year, kicked off with gains from mega-cap...
by Kenny | Dec 27, 2024 | Uncategorized
Key Takeaways A recent Gallup poll showed most Americans feel they are worse off today than four years ago. Data on household finances show that things have changed dramatically since September 2020, when the COVID-19 pandemic was affecting the economy. Americans have... by Kenny | Dec 23, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst This is the time of year for good cheer and holiday wishes. In keeping with those traditions, here are some cheers and wishes for the IRS and Congress: Cheers to the IRS: Yes, it did take the IRS 4½ years to issue final required...
by Kenny | Dec 22, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Equity and fixed-income markets sold off for the second consecutive week as the Federal Reserve delivered an expected twenty-five basis-point rate cut but pivoted to a much more hawkish stance for 2025, where the committee now expects only two...
by Kenny | Dec 19, 2024 | Uncategorized
Key Takeaways An Employee Benefit Research Institute survey found that more than two-thirds of retirees had outstanding credit card debt in 2024, up from 40% in 2022. Even though inflation has cooled, high prices weigh on retirees. Almost a third of retirees said they... by Kenny | Dec 19, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: If a client opens an IRA at age 75 and makes a contribution this year, this account would not have a required minimum distribution (RMD) for 2024, correct? Since the IRA did not exist last year, there is no... by Kenny | Dec 18, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education The IRA rollover rules are always tricky. However, if you are rolling over an IRA distribution when the calendar year changes, the rules can become especially challenging. Here are four things you need to... by Kenny | Dec 16, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Tis the season for giving, and qualified charitable distributions (QCDs) are a popular way to donate to a favorite charity. However, rules must be followed. In a recent Slott Report entry (“QCD Timing,” December 4), I...
by Kenny | Dec 15, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The Nasdaq eclipsed the 20,000 level for the first time this week as investors reengaged in buying the mega-cap technology names. Amazon, Google, Tesla, and Meta hit new highs for the year as investors heard about more advances in AI and quantum...
by Kenny | Dec 12, 2024 | Uncategorized
Key Takeaways Some provisions related to the Secure 2.0, a federal retirement law, will go into effect in 2025. Workers ages 60, 61, 62, or 63 will be able to make catch-up contributions of up to $11,250 in 2025. Workplace retirement plans such as 401(k) and 403(b)... by Kenny | Dec 12, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education Question: Can a person do a rollover from both his traditional AND Roth IRAs in the same twelve months? Best regards, Matthew Answer: Hi Matthew, The once-per-year rollover rule restricts an individual from... by Kenny | Dec 9, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education The holidays are upon us. There is shopping to do, gifts to wrap, and parties to attend. Amidst the hustle and bustle of the season, you may be forgiven if your retirement account is not at the top of your...
by Kenny | Dec 8, 2024 | Weekly Market Commentary
The S&P 500 forged another set of all-time highs as investors embraced the idea of an economy running at a pace appropriate for the Fed to consider further rate cuts. Leadership in the market toggled back to the mega-cap technology issues, with the communication... by Kenny | Dec 5, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst Question: If you continue to work past age 73, are you exempt from required minimum distributions (RMDs)? My 73 year-old wife is still working and contributing to her company’s 401(k), and she doesn’t own more than 5% of the...
by Kenny | Dec 5, 2024 | Uncategorized
Retirement Vs. Resignation: Which Is Better? There is a big difference between retirement and resignation. However, both involve leaving your place of work. If you choose to retire, you may be entitled to some social benefits such as pension and healthcare, which can... by Kenny | Dec 4, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Year after year, this topic continues to bubble up. Confusion exists over when a QCD can be done in relation to the RMD. Qualified charitable distributions (QCDs) can offset all or a portion of an RMD (required minimum...
by Kenny | Dec 1, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The holiday-shortened week saw the S&P 500 and Dow rise to new all-time highs. Investors cheered the nomination of Scott Bessent as Treasury Secretary, who is seen as a fiscal hawk and someone who will support Trump’s trade policies. US...
by Kenny | Nov 28, 2024 | Uncategorized
Navigate these tax and retirement milestones to optimize savings and avoid penalties. Staying on top of year-end tasks helps you avoid penalties and take full advantage of tax benefits. Key Takeaways Contributions to retirement accounts like 401(k)s must be made by... by Kenny | Nov 27, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education Each year it is a Thanksgiving tradition here at the Slott Report to take a moment to give thanks for the rules that are helpful to retirement savers. There are many times when rules governing retirement... by Kenny | Nov 25, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst When an IRA owner dies, what is the payout schedule for the beneficiary? The key to distinguishing the correct program (i.e., 10-year rule, stretch RMDs, 5-year rule, etc.) is to identify all the important variables. But...
by Kenny | Nov 24, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Markets bounced back as investors reengaged the pro-growth Trump 2.0 trade. President-elect Trump continued to fill out his cabinet and, late Friday announced Scott Bessent as his nominee for Treasury Secretary. Wall Street has endorsed Bessent,... by Kenny | Nov 21, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: Hello Ed Slott Team, We have a client with an IRA who wants to do a qualified charitable distribution (QCD) to a charity. The charity also has an account with the same custodian of the IRA and has asked that the...
by Kenny | Nov 21, 2024 | Uncategorized
The Social Security Administration has announced the 2025 final COLA, wage cap, and amount needed to earn SS credits. Anticipating changes coming to Social Security in 2025 can help you start planning for the new year and identify any adjustments you can make to... by Kenny | Nov 20, 2024 | IRA Blog
Ian Berger, JD IRA Analyst Here’s something you can only find in the Internal Revenue Code: Starting in 2025, there will be not one, not two, but three different catch-up limits for older SIMPLE IRA participants. Like IRAs and workplace plans like 401(k)s, SIMPLE IRAs... by Kenny | Nov 18, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education Health Savings Accounts (HSAs) continue to become more popular. If you have a qualifying high deductible health plan, you may make deductible contributions to an HSA. Then, you can take tax-free...
by Kenny | Nov 17, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA US equity markets pulled back last week as investors took profits from the outsized move higher seen following the US election. Sticky inflation prints, coupled with solid retail sales and hawkish comments from Federal Reserve Chairman J. Powell,...
by Kenny | Nov 13, 2024 | Uncategorized
Downsizing for retirement is a good way to simplify your life and cut down on expenses. Making some key changes, like moving into a smaller home, could reduce financial strain and improve your quality of life. It could also give you room to grow in new, unexpected... by Kenny | Nov 13, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Roth IRA conversions remain as popular as ever. However, based on some recent questions we’ve received, it is apparent that folks don’t fully understand all the nuances of this transaction. Here are some of the basic... by Kenny | Nov 11, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst The get-out-of-jail card that has allowed many IRA and plan beneficiaries to forego annual required minimum distributions (RMDs) is about to expire. Here’s some background: In its 2022 proposed regulations, the IRS took the...
by Kenny | Nov 10, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The S&P 500 notched its 50th all-time high of 2024 as investors piled into equities after a decisive US election. Wall Street embraced the idea that President-Elect Trump would enact several pro-growth policies to bolster corporate profits. ...
by Kenny | Nov 8, 2024 | Uncategorized
Retirement: the wonderful time of life when you no longer have to work for your money. Instead, your money is finally working for you. If you’re well on your way to retirement, kudos to you. Today, more Americans are retiring than ever before. According to... by Kenny | Nov 7, 2024 | IRA Blog
By Ian Berger, JD IRA Expert Question: For a non-spousal inherited roth IRA account, there seems to be contradictory advice on different websites about when to take distributions. Some say there are annual required minimum distributions (RMDs) within the 10... by Kenny | Nov 6, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education There is some good news for retirement savers! The IRS has released the cost-of-living adjustments (COLAs) for retirement accounts for 2025, and many of the dollar limit restrictions on retirement accounts... by Kenny | Nov 4, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Yes, you read that title correctly. This rule was confirmed in the 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different custodians, the total...
by Kenny | Nov 3, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA It was a very busy week on Wall Street as investors analyzed a deluge of corporate earnings reports and a full economic data calendar. The S&P 500 traded lower for the second consecutive week and could not close out October with a gain,... by Kenny | Oct 31, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: Hello, I’m working with a retired client who has a sizable IRA. He set up a trust and named it as the beneficiary of the IRA, assuming that the trust would reduce or eliminate the income tax liability. Is this the...
by Kenny | Oct 31, 2024 | Uncategorized
Key Points Many Americans face a retirement savings shortfall, but setting aside more could get easier for some older workers in 2025. Enacted in 2022, the Secure Act 2.0 ushered in several retirement system improvements, including higher 401(k) plan catch-up... by Kenny | Oct 30, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst Don’t forget to turn your clocks back this weekend! With that reminder comes another: pay attention to the Roth IRA distribution clocks. The key point to remember is that there are two different clocks, each used for a different purpose....
by Kenny | Oct 28, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Global markets pulled back last week as investors took the opportunity to reduce some risk before a very close US Presidential election. In the US, nearly 20% of the S&P 500 reported earnings. Generally, results came in better than expected;... by Kenny | Oct 28, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education The year 2024 has flown by and the holidays season will soon be upon us. That means time is running out on year-end IRA deadlines. You will want to be sure to get the following three IRA-related tasks done...
by Kenny | Oct 23, 2024 | Uncategorized
The Federal Reserve just reduced interest rates for the first time in four years. Here’s how it will impact borrowers and saver What goes up must come down, and after four years, that’s finally true about interest rates. The Federal Reserve cut its benchmark rate on... by Kenny | Oct 23, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst This article is NOT about the “ghost rule” applicable to non-living beneficiaries. That payout rule applies when a non-person beneficiary (like an estate) inherits an IRA when the original owner died on or after his required... by Kenny | Oct 21, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst The year is flying by, and before we know it 2025 will be here. With the arrival of the new year, several new provisions from the 2022 SECURE 2.0 law that impact retirement plans will become effective. One of the changes allows certain...
by Kenny | Oct 20, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The S&P 500 advanced for the sixth consecutive week, closing at a new record high. This week, a broadening out of the market’s rally was evident, with small caps and the equally weighted S&P 500 index outperforming. Markets also appear to... by Kenny | Oct 17, 2024 | IRA Blog
Ian Berger, JD IRA Analyst Question: We have a client who has children from a previous marriage. Upon the husband’s death, he wants to make sure his current spouse has access to income from his IRA. But he also wants to make sure the remaining balance, when she...
by Kenny | Oct 17, 2024 | Uncategorized
With inflation cooling, analysts estimate benefit boost could come in around 2.5% The second of three numbers the Social Security Administration (SSA) will use to determine the 2025 cost-of-living adjustment (COLA) is in, and it points to a more modest increase in... by Kenny | Oct 16, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education October 15, 2024 has come and gone. This was the deadline for correcting 2023 excess IRA contributions without penalty. If you missed this opportunity, you may be wondering what your next steps should be.... by Kenny | Oct 14, 2024 | IRA Blog
We have written about the net unrealized appreciation (NUA) tax strategy many times. Generally, after a lump sum distribution from the plan, the NUA tactic enables an eligible person to pay long term capital gains (LTCG) tax on the growth of company stock that...
by Kenny | Oct 13, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The S&P 500 and Dow Jones Industrial Average forged another set of all-time highs despite facing several macro headwinds. Chinese markets reopened after celebrating Golden Week with significant losses. Investors were expecting an announcement... by Kenny | Oct 12, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: Good afternoon, If a client passed this year with four adult children inheriting equally, and each beneficiary is using the 10-year rule, how do they determine yearly required minimum distribution (RMD)... by Kenny | Oct 9, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst Victims of Hurricane Helene have at least a glimmer of good news when it comes to their tax filings and ability to withdraw from their retirement accounts for disaster-related expenses. The IRS usually postpones certain tax deadlines for...
by Kenny | Oct 9, 2024 | Uncategorized
Everyone aspires to have a steady source of income after retirement that replaces as much as possible of their pre-retirement earning. But for many people, one big challenge in saving for that goal is to find the right financial product that accommodates their... by Kenny | Oct 7, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education The recent final required minimum distribution (RMD) regulations include a new rule change that may be beneficial for IRA owners who name trusts as beneficiaries. In the new regulations, the IRS allows separate...
by Kenny | Oct 6, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The S&P 500 closed higher for a fourth consecutive quarter, the first time it has done so since 2011. Investors continued to face a challenging macro environment. Escalating tensions in the Middle East, a Longshoremen’s strike, the aftermath...
by Kenny | Oct 3, 2024 | Uncategorized
Summary – However, almost 8 in 10 workers and 7 in 10 retirees are concerned that the U. S. government could make significant changes to the American retirement system – A new report published today from the 34th annual Retirement Confidence Survey finds... by Kenny | Oct 2, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst When a traditional IRA owner wants to convert all or a portion of his account to a Roth IRA, he needs to think long and hard about the transaction. For example, some questions to consider: 1. When will this money be needed?... by Kenny | Sep 30, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst A big change made by the SECURE 2.0 Act of 2022 was adding a new statute of limitations (SOL) for the IRS to assess penalties for missed required minimum distributions (RMDs) and excess IRA contributions. On its face, it looks like...
by Kenny | Sep 29, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA US equity markets posted a third week of gains as global central banks continued to cut monetary policy rates. China, Switzerland, Mexico, Hungry, and the Czech Republic cut their policy rates. Chinese markets gained on the news that several...
by Kenny | Sep 27, 2024 | Uncategorized
Critically underprepared for retirement, 55-year-old Americans enter a crucial 10-year countdown to plan and prepare With just a decade until retirement, 55-year-old Americans have less than $50K in median retirement savings First modern generation confronting... by Kenny | Sep 26, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education Question: When an IRA owner dies after their required beginning date, can an eligible designated beneficiary choose either the life expectancy option or the 10-year payout rule? Answer: If an IRA owner dies on or... by Kenny | Sep 25, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education It happens. You have made a 2023 contribution to the wrong type of IRA. All is not lost. That contribution can be recharacterized. While recharacterization of Roth IRA conversions was eliminated by the Tax... by Kenny | Sep 23, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst When presenting a particular section of our training manual, I usually make the joke that, “if we were playing an acronym drinking game, we would all be on our way to a hangover.” The segment is titled: “Missed stretch IRA...
by Kenny | Sep 22, 2024 | Weekly Market Commentary
The S&P 500 notched its 39th record high in 2024 on the back of a fifty-basis-point rate cut by the Federal Reserve. Global central banks took center stage this week, with the Fed playing the headliner. Leading into the Fed’s decision, the street was divided over... by Kenny | Sep 19, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst Question: I inherited an IRA from a younger deceased spouse who wasn’t required to take required minimum distributions (RMDs) until this year. Can I take advantage of the new section 327 rules under SECURE 2.0 since the RMDs...
by Kenny | Sep 19, 2024 | Uncategorized
Federal Reserve data shows sharp rise in amount Americans 65 and older owe Americans across generations are carrying more debt than they did three decades ago, according to Federal Reserve data, but the rise has been especially steep among the oldest age groups. The... by Kenny | Sep 18, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst If you were born in 1959, what is the first year that you must start taking required minimum distributions (RMDs)? That would seem like an easy question to answer, but because of a snafu by Congress, it isn’t quite so clear. For many... by Kenny | Sep 16, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education If you take a distribution from your traditional IRA, in most cases you will owe taxes. The government wants to be sure those taxes are paid, so IRA distributions are subject to federal income tax withholding. The...
by Kenny | Sep 15, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Markets bounced back nicely in the second week of September. It was an intriguing week of trade with several undercurrents to consider. The first and likely only Presidential debate between Harris and Trump appeared to be won by Harris, although... by Kenny | Sep 12, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: I inherited a traditional IRA from my mother in 2024. She passed before her required beginning date (RBD.) I know that I fall under the 10-year rule. The question is, do I need to start required minimum distributions...
by Kenny | Sep 12, 2024 | Uncategorized
Saving and investing early, often, and continuously throughout your entire working career is absolutely critical to securing your financial future in retirement. Making contributions to your 401(k) or IRA provides tax benefits, allowing you to defer taxes owed on your... by Kenny | Sep 11, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst Workplace retirement plans – like a 401(k) – can hold different types of dollars. Typically, a 401(k) will have a pre-tax bucket and a Roth bucket. Occasionally, a plan will have a third bucket to hold after-tax (non-Roth) money.... by Kenny | Sep 9, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst If you are making student loan repayments, you should ask your employer if it will match those payments in the company’s retirement plan. The SECURE 2.0 Act allows for matching contributions on “qualified student loan payments” (or...
by Kenny | Sep 8, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA Global equity markets tumbled due to economic growth concerns as the US Treasuries extended their gains from August. The holiday-shortened week started with weaker-than-anticipated manufacturing data out of China, which highlighted just how weak...
by Kenny | Sep 6, 2024 | Uncategorized
Three significant 401(k) plan changes coming in 2025 are worth paying attention to, regardless of when you plan to retire, whether you work full-time or part-time, or whether you even have a 401(k) yet. In late 2022, Congress passed a law to help savers build their... by Kenny | Sep 5, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education Question: Can I roll over a Roth 401(k) to an existing Roth IRA or does it need to be in its own separate account? When does the 5-year holding period begin for the Roth 401K rollover? Thank you, Elisabeth Answer: Hi... by Kenny | Sep 4, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education The new required minimum distribution (RMD) rules recently issued by the IRS include some good news for trusts named as retirement account beneficiaries. A documentation requirement (that tripped up many trustees...
by Kenny | Sep 2, 2024 | Weekly Market Commentary
-Darren Leavitt, CFA The final week of August was all about NVidia’s second-quarter earnings results and the Fed’s preferred measure of inflation, the PCE. Expectations for NVidia’s earnings were so high that some decided to throw pre/post-earnings...
by Kenny | Aug 29, 2024 | Uncategorized
Big changes are coming to retirement savings in 2025. The shifts in retirement planning come after Congress passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) in 2019 and its 2022 follow-up, the SECURE 2.0, which further expanded and... by Kenny | Aug 29, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst Question: Under IRS rules, if I am currently receiving required minimum distributions (RMDs) and die today, my non-spouse beneficiary has 10 years to pay out my IRA. If that beneficiary dies five years later (in August 2029), does the... by Kenny | Aug 28, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst In my August 19 Slott Report (“Year of Death RMD – Deadline Extended!”), I wrote about the required beginning date, who takes the year-of-death required minimum distribution (RMD), and the deadline for taking that distribution.... by Kenny | Aug 26, 2024 | IRA Blog
Ian Berger, JD IRA Analyst If you have multiple traditional IRAs and want to do a 60-day rollover (or Roth conversion) in a year when a required minimum distribution (RMD) is due, the IRS has a surprise for you. RMDs from multiple traditional IRAs (and SEP or... by Kenny | Aug 22, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst QUESTION: I have been getting emails from a few sites pitching their subscriptions. They claim that Roth IRAs will all be taxable in the future. They say there are things you can do to avoid these taxes, but to find out what...
by Kenny | Aug 22, 2024 | Uncategorized
If you claim benefits early, income from work can reduce your monthly payments “Retirement” used to be synonymous with “not working.” Not anymore. More than a quarter of U.S. adults ages 65 to 74 are still in the workforce, according to the federal Bureau of Labor... by Kenny | Aug 21, 2024 | IRA Blog
Sarah Brenner, JD Director of Retirement Education In 2020, the SECURE Act completely changed the game for nonspouse IRA beneficiaries. Now, most are subject to the 10-year payout rule. Recently released final RMD rules keep the controversial proposed rule that... by Kenny | Aug 19, 2024 | IRA Blog
By Andy Ives, CFP®, AIF® IRA Analyst When a person reaches the required beginning date (RBD) – generally April 1 of the year after the year the person turns age 73 – required minimum distributions (RMDs) must officially start on traditional IRAs. But what if an IRA... by Kenny | Aug 15, 2024 | IRA Blog
By Sarah Brenner, JD Director of Retirement Education Question: Hello, I’m in my sixties, in the golden years for Roth conversions, which I’ve been doing. I’ve had a small Roth IRA account for more than 5 years. Last year I converted $90,000. This year will be about... by Kenny | Aug 14, 2024 | IRA Blog
By Ian Berger, JD IRA Analyst If you have both pre-tax and Roth accounts in a 401(k) (or a 403(b) or governmental 457(b)) and are subject to required minimum distributions (RMDs), be aware of new rule changes made in the 2022 SECURE 2.0 law. The rules were clarified... 
