With Social Security trust funds estimated to run out in less than a decade, some Americans wonder if Congress will step in ...

Find out how to optimize your Required Minimum Distribution for this year with strategies that help your funds grow safely in ...

The Internal Revenue Service has clarified rules included in the SECURE Act that are important for IRA beneficiaries to understand.

A potential change here is that an act of Congress could raise this limit from $108,000 to $150,000 or even $200,000 and allow more of a QCD to count toward any RMD taken from an IRA and, going ...

Not only does SECURE 2.0 increase the age at which retirees must take required minimum distributions (RMD), but it also makes changes to the size of allowed catch-up contributions for those with ...

If you inherited an IRA from someone after Dec. 31, 2019, you may have to take an RMD in 2025. The SECURE Act established a rule requiring beneficiaries (with limited exceptions) who inherit an ...

For example, if Arnold took only the $4,951 RMD from IRA #1 and then did a $50,000 Roth conversion within that same IRA #1 (or any of the others), he would have an excess contribution in the Roth ...

This penalty, which comes in the form of an excise tax, used to be 50% but was reduced in the Secure 2.0 Act of 2022. Depending on your RMD, however, a 25% penalty could be significant.

The Secure 2.0 Act increased the RMD age from 72 to 73 starting in 2023 and then upped it again to 75 in 2033. However, this created an interesting problem for anyone born in 1959.

SECURE 2.0 Background Under the SECURE Act 2.0 when a surviving spouse is designated beneficiary of a defined contribution plan, the surviving spouse is entitled to elect to be treated as the plan ...

You might think we would look at the current IRS Single Life Table, see that the life expectancy of a 65-year-old is 22.9 and assume that Karen’s 2025 RMD is the 12/31/24 value of the inherited ...