…profit-sharing plans, traditional IRAs, Roth IRAs, SEP IRAs and SIMPLE IRAs Life insurance policies and annuities – Term life, whole life, universal life, fixed annuities, variable annuities and other insurance…
…IRA within the same tax year for up to the limit). For a QCD to count toward your current year’s RMD, the funds must come out of your IRA by…
…by the way, distributions to beneficiaries post-mortem are also tax-free as well. There are SEP IRAs, which is a simplified employee pension IRA. They’re a type of the traditional IRA…
…says, “I’m considering Roth conversions as part of my retirement strategy, but I’m unsure about the optimal timing. When is the best time or situation to consider Roth conversions and…
…Roth conversion is. For listeners who aren’t aware, you make an after-tax contribution to a non-deductible IRA and then you immediately turn around and convert that to a Roth. The…
…these things can be really confusing. The IRS requires a waiting period of five years before withdrawing balances that are converted from a traditional IRA to a Roth IRA, or…
…highlight five lesser-known facts about RMDs. RMD rules can differ for inherited IRAs. If you inherit an IRA or another tax-deferred account from someone other than your spouse, you may…
…haven’t already made an IRA or HSA contribution, you have until the tax filing deadline to do so. For SEP-IRA contributions, if you extend your tax return you have all…
…to traditional IRAs, Roth IRAs and SIMPLE IRAs can be made up to April 15 for the 2023 tax year. Contributions to SEP plans may be made up to April…
…strategy may be to utilize a qualified charitable distribution (QCD) when planning your IRA withdrawal strategy. A QCD allows for the direct transfer of funds from an IRA to a…
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