From: kitces.com
For nearly a decade, the rules allowing for a tax-free Qualified Charitable Distribution (QCD) directly from an IRA to a charity has been on-again, off-again, a part of the infamous Tax Extenders that would lapse and be reinstated every other year.
With the Protecting Americans from Tax Hikes (PATH) Act of 2015, though, the QCD rules have finally…
From: ultimateestateplanner.com
By: The Ultimate Estate Planner
The IRA Inheritance Trust® (also known as a “Standalone Retirement Trust”, “IRA Beneficiary Trust” or just plain and simple “IRA Trust”) has now been around for over 10 years. The IRS approved this strategy in PLR200573044 and, even though, it’s been around for some time, it’s only now that so many estate planners are starting…
From: wealthmanagement.com
What savvy financial professionals can do to protect their clients’ retirement savings.
The term “stretching” an individual retirement account refers to the practice of partially sustaining the tax-deferred status of an IRA when, after the death of the owner, the account is left to a non-spouse beneficiary (typically a child or grandchild or perhaps more than one). Stretching an IRA, or a qualified…
From: thinkadvisor.com
The U.S. continues to decline in Mercer’s ranking of the world’s pension systems
The United States has continued its decline among countries’ retirement income systems ranked in the Melbourne Mercer Global Pension Index.
Mercer released the results of its 2015 index, which encompasses 25 countries with pension systems at varying stages of maturity – some systems are well established while others, particularly in the…
From: wealthmanagement.com
Knowing the distribution options available to beneficiaries upon the death of the IRA account holder is the key to using the Extended IRA strategy.
Extended IRA is a concept not a product. It is a way for the beneficiaries of IRAs to ease the tax burden of taking required distributions from inherited IRAs and maximizing the deferral period for the money in that account….
From: thinkadvisor.com
The Department of Labor recently announced it will extend the comment period on its fiduciary rule proposal by 15 days, and it’s not clear when a final rule will be issued. In the meantime, advisors should consider the value they…
From: independenceadvisors.com
Key Takeaways
“What happens to my IRA when I die?”
It seemed a like a…
From: cbs46.com
WASHINGTON (AP) – The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies’ investment decisions that eat into retirement savings.
From: huffingtonpost.com
There’s no way to sugarcoat this. The position that brokers and their powerful lobbyists take on the “fiduciary issue” is nothing short of a flim-flam. Here’s everything you need to know to avoid becoming a victim.
Every registered investment advisor (RIA) is a fiduciary to their clients. They have a legal obligation to place the interests of their…
This study explains the federal tax law regarding the transfer of a retirement plan out of a terminating trust, and also illustrates how the author complies with IRS Circular 230 when providing written tax advice:
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