Confusion exists over when a QCD can be done in relation to the RMD; let’s set the record straight.

Health Savings Accounts (HSAs) continue to become more popular. Here is what you need to know about taking tax-free HSA distributions.

Many of the dollar limit restrictions on retirement accounts will increase next year. In addition, new rules from the SECURE 2.0 Act also will bring more savings opportunities.

You will want to be sure to get the following three IRA-related tasks done sooner rather than later to avoid penalties and missed opportunities.

With that reminder comes another: pay attention to the Roth IRA distribution clocks. The key point to remember is that there are two different clocks, each used for a different purpose.

While you may not have avoided the excess contribution penalty for this year, you can still correct the issue for future years.

So that everyone knows which end is up, here is a spiked punch bowl of common retirement-account-related acronyms.

401(k) plans can now match student loan repayments under SECURE 2.0, providing valuable contributions toward retirement savings starting in 2024.

Roth plan accounts can be disregarded when your RMD is calculated and a withdrawal from a Roth 401(k) account in a year an RMD is required does not count towards satisfying your RMD for that year.

It is perfectly acceptable for a person to participate in multiple work plans in the same year (even at the same time). Unfortunately, people try to circumvent these rules all the time.

Discover how community property laws impact your IRA. Learn about key considerations for IRA owners in community property states, including divorce and beneficiary designations. Get expert advice to navigate these complex issues.

If you're a high earner, you may be able to get around the income limits by using the backdoor Roth IRA conversion strategy by making a nondeductible traditional IRA contribution and then converting those funds to a Roth IRA.