You don’t have to be a Jeopardy champion to know how to calculate required minimum distributions for 2022, but it may be equally challenging due to several recent tax rule changes. First, the Secure Act raised the age at which ...

Timing is everything and that goes for qualified charitable distributions as well. That’s why QCD planning should be addressed early in the year to maximize the tax savings on required minimum distributions. QCDs are direct transfers from individual retirement accounts ...

A recent article in The Wall Street Journal, “The Problem With How Many Financial Advisers Set Their Fees,” advised readers (likely your clients) to ask these questions when it comes to the fees you charge: “Why exactly am I paying the ...

As we’ve seen from recent tax proposals, Congress has retirement accounts in its sights for future tax increases, especially the larger IRAs. We know what the tax rules and tax rates are for 2021, but advisers can also help clients ...

Congress has set its sights on mega-IRA balances, in large part due to the recent reports about Peter Thiel’s $5 billion Roth IRA. But some of these proposals will impact many other clients with smaller individual retirement accounts and Roth ...

ERISA is the creditor protection gold standard for company retirement plans. But what happens when those plans are inherited? Does the ERISA protection carry over to beneficiaries? One court says “yes.” In the case of Dockins (In re: Dockins, No. ...

Imagine spending a lifetime building a retirement account only to have your beneficiaries lose it in one fell swoop: They mishandle the account, triggering tax on the entire inherited individual retirement account. This is a real-life horror story described in ...

Most people no longer receive tax benefits for their charitable gifts because they take the standard deduction and do not itemize their deductions. The qualified charitable distribution is a tax benefit that allows some owners of individual retirement accounts to ...