Navigating inherited individual retirement accounts (IRAs) has become increasingly challenging for beneficiaries. Recent legislative changes and regulatory updates have introduced new and important ...

An inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be ...

At long last, the Treasury Department and the Internal Revenue Service (“IRS”) issued final (and new proposed) regulations that address the major changes to Code section 401(a)(9) under the Setting ...

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Does an individual’s failure to cash a retirement plan distribution check permit her to exclude the amount of the designated distribution from her gross income in that year? The IRS has published a ...

READY? EVERYBODY ON your feet. A long, standing ovation for the Internal Revenue Service. For my entire professional life – 50 years – I have been convinced that the guys who write IRS regulations ...

A required minimum distribution is money that must be taken out of a retirement savings plan. More specifically, RMDs are the minimum amounts that must come out of given retirement plan accounts each ...

On February 20, 2020, the Puerto Rico Treasury Department (PR Treasury) issued Internal Revenue Circular Letter Number 20-09 (CC RI 20-09) to provide special rules and procedures applicable to ...

More Americans are pulling money from their 401(k)s before retirement than ever before. According to Vanguard's latest data, 4.8% of account holders made hardship withdrawals in 2024, up from 3.6% in ...

DEAR SAVVY SENIOR: What are the new rules on required minimum distributions from IRAs and 401(k)s? I will turn 72 this year and want to be clear on what I’m required to do. DEAR PLANNING: Thanks to ...