From: www.horsesmouth.com
IRA distribution planning is becoming a high-stakes game for clients in more ways than one. Gone are the days when simply dropping dollars into a traditional IRA was the sensible thing to do.
IRA distribution planning is entering a new world, a departure from the days when simply dropping dollars into a traditional IRA was the sensible thing to…
From: www.irahelp.com
An inherited IRA can be a great thing for the beneficiaries. It is almost like winning the lottery or the Reader’s Digest sweepstakes. You get income for life, or do you? It is all too easy to miss out on this opportunity. The following apply to beneficiaries who are named on the beneficiary form. Beneficiaries…
From: www.kitces.com
The benefit of contributing to pre-tax retirement accounts like IRAs and 401(k) plans is the opportunity to receive an upfront tax deduction, and enjoy the growth that remains tax-deferred as long as the investments remain in the retirement account. For those accumulating towards retirement, this provides additional tax-deferred compounding growth that can help bridge the gap towards retirement itself. With…
From: www.aaepa.com
As I discussed in last week’s blog, retirement assets, including 401(k)s, IRAs, etc., comprise a large portion of the average American’s wealth. Planning for these assets is critical, not just due to their value, but also due to their special nature.
Traditional IRAs and 401(k)s and the earnings on them are tax-deferred. Roth IRAs and 401(k)s are tax-free. However, there’s another characteristic of…
Employee Retirement Income Security Act of 1974 (ERISA):
From: www.theentrustgroup.com
Q: Can I transfer real estate property held in a Solo 401(k) into my self-directed IRA?
A: If you have reached one of the distributable events in a 401(k) plan, you can directly rollover the proceeds into an IRA. Below are typical distributable events found under the IRS website:
Employee elective deferrals (and earnings, except in a hardship distribution) — the plan may permit…
From: www.GAFRI.com
You’ve planned carefully for your retirement. And, the rewards for that wise planning can surface as IRA or annuity assets that you may not need. Taking only the Required Minimum Distribution (RMD) from your IRA, or owning a non-qualified annuity contract, may protect you from a sizeable tax liability and…
From: www.theentrustgroup.com
With Valentine’s Day around the corner, couples everywhere are gearing up to impress their partners. Buckling down on finances may not be the first things that comes to mind, but maximizing savings for retirement can be a joint effort for married couples who are ready for that phase in their life. Even if one of the spouses is not working, there…
From: financial-planning.com
It is a retirement dilemma.
When planning for retirement cash flow, should a client start Social Security as early as age 62, letting individual retirement account money continue to grow, tax-deferred? Or should that client tap the IRA and wait for a larger Social Security benefit?
A client who would receive $1,500 a month at 62 would collect $2,640 a month, plus any cost-of-living…
From: ultimateestateplanner.com
In recent PLRs 201628004 through 201628006, the IRS considered the effect of a state court action that modified the named beneficiary after the death of the IRA owner. In the rulings, the decedent had originally named three trusts as beneficiaries of his IRAs. The trusts qualified as designated beneficiaries under the IRC Section 401(a)(9) Regulations. When his IRAs were moved…
Copyright © 2024 • REAP | Retirement & Estate Advisors & Professionals • All rights reserved
(855) 904-REAP • info@retirementestateplan.com
