Keep in mind that these are the rules for IRAs inherited after 2019. (Pre-SECURE Act rules apply for IRAs inherited before 2020.)

Get ready! Several new 401(k) provisions from the SECURE 2.0 Act kick in on January 1, 2025.

Last week, president-elect Donald Trump took to social media, promising to increase tariffs on China, Mexico, and Canada.

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.

The human brain is complex and powerful. Our reality on any given day is affected by our personal physical abilities, energy levels, feelings, social identities, and more.

Learn about SECURE 2.0’s higher catch-up contributions for older employees in retirement plans starting in 2025 and how they impact your savings.

Discover the IRS tax relief and retirement withdrawal options for victims of Hurricanes Helene and Milton. Learn about penalty-free IRA withdrawals, extended tax deadlines, and SECURE 2.0 benefits.

Before 2022, most people had no SOL protection, and the IRS could go back indefinitely to assess both penalties. In SECURE 2.0, Congress tried to remedy this.

Both retired and working participants were concerned that significant changes in Social Security may be ahead. They're not wrong to be concerned.

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

In 2020, the SECURE Act completely changed the game for nonspouse IRA beneficiaries. Here is some good news if you are inheriting a Roth IRA.

Of all the many provisions in the SECURE 2.0 Act, none has been more perplexing than Section 327, which changed the rules for spouse beneficiaries.

The IRS is standing firm and maintaining the requirement that some beneficiaries must take annual RMDs during the SECURE Act’s 10-year payout period.

Under the SECURE Act, a minor child of the account owner is considered an eligible designated beneficiary and can stretch distributions from an inherited IRA over their life expectancy until reaching age 21.

One of the positive outcomes of the new IRS final SECURE Act regulations on required minimum distributions (RMDs), released on July 18, is that more beneficiaries will be able to stretch RMDs over their lifetime.

Learn about penalty-free IRA and 401(k) withdrawals for emergencies and domestic abuse victims under SECURE 2.0. Explore eligibility, limits, and repayment options.

After more than two years, we might actually be getting answers from the IRS on several important unanswered questions concerning RMDs for those who inherit IRAs or company plan accounts. Learn about the upcoming IRS Beneficiary RMD Final Regulations, changes from the SECURE Act, and how they impact your retirement account inheritance planning.

Discover when a reverse rollover from an IRA to a 401(k) makes sense. Learn how this strategy can help you minimize taxes and maximize retirement benefits.

SECURE 2.0 made some significant changes to the SIMPLE IRA plan contribution limits, pushing the 2024 limits to $17,600 and $3,850, respectively.

Here’s a cheat sheet on how the SECURE Act rules currently stand for IRAs inherited after 2019.

Prepare for the seven key life events that impact baby boomers' finances and investments. Learn about estate planning, health care, retirement, and managing multiple income sources. Consult a financial advisor to secure your future.

In its proposed SECURE Act regulations, the IRS surprised everyone by saying that, in addition to the 10-year payout, annual RMDs are required in years of 1-9 of the 10-year period if the IRA owner had died on or after the date his RMDs were required to begin.

More than a dozen holidays are celebrated this week, including America Saves Week, which encourages people to build a secure financial future by saving for what matters most.

Scams usually start with a phone call, email, text, or another form of communication. The person typically claims to be from an agency or organization you know – or one that sounds like it might benefit you, such as the National Sweepstakes Bureau or a lottery.

The SECURE 2.0 law adds several new in-service withdrawals that can be made from 401(k), 403(b) and 457 plans. The law also relaxes some of the rules for traditional hardship withdrawals from these plans.

SECURE 2.0 established a six-year SOL on the 6% excess IRA contribution penalty and a three-year SOL on penalties for missed required minimum distributions (RMDs).

More 401(k) SECURE 2.0 changes such as matches on student debt and emergency savings accounts are already in effect. But there are others that are still on the way.

A SECURE 2.0 change allows annuitized IRA annuities to be aggregated with non-annuity IRA funds for RMD purposes could reduce them. Without a proper valuation of the annuity from the insurance company, it will be difficult to take advantage of it.

If you have the means, a little can become a lot. It’s not about timING the market, it’s about time IN the market. If a teenager starts early, the long-term benefits could be astronomical.

Thinking of opening up a new solo 401(k) plan for 2023? Thanks to SECURE 2.0, you don’t have to rush to get it done by year end.

The SECURE 2.0 Act contained over 90 sections and included numerous IRA and retirement account changes. Here is a list of 10 items from the Act scheduled to come on-line in 2024.

Beginning in 2023, SECURE 2.0 allowed for employer contributions to be made to Roth accounts. But few plans have offered Roth employer contributions because of the need for recordkeepers to adjust their systems and because of the lack of IRS guidance.

When the bell dropped in Times Square last Sunday night, a bunch of new provisions from the SECURE 2.0 legislation kicked in. This article will focus on the Roth-related changes that are effective in 2024.

Section 327 changes the distribution rules for spouse beneficiaries of IRA (and workplace plan) account holders and is effective January 1, 2024. The result is that some of these beneficiaries will actually be in a worse position than they are in under the current rules.

The limit on annual contributions to an IRA is increased to $7,000 for 2024, up from $6,500 in 2023. The IRA catch up contribution limit for individuals aged 50 and over was changed to now include a COLA under the SECURE 2.0 but remains $1,000 for 2024.

Taxpayers naturally seek to use benefits offered in the Internal Revenue Code. Sometimes, though, Code provisions offset each other, reducing the expected tax savings. Fortunately, savvy planning can help seniors receive the best of both worlds.

As advisor questions come in about the SECURE Act, SECURE 2.0 and the tax code, I get it when they ask, “Where does it say that?” But the “Where does it say that?” question is not an easy one.

Traditional IRA owners are subject to RMDs beginning in the year in which they turn age 72. The RMD age used to be 70½, but the SECURE Act raised the age to 72 for anyone who turned 70½ in 2020 or later.

It’s that time again, when the federal government reports on the fiscal state of Social Security (headed toward zero) and also estimates the cost-of-living adjustments (COLAs) for next year. Last year, retirees got a 9% raise, but were told the program would be insolvent by 2033. This year, retirees should receive around a 3% raise, and the program is still on the way to financial oblivion.

SECURE 2.0 expands qualified charitable distributions (QCDs) by allowing a one-time only QCD of up to $50,000 to a split-interest entity. As a result of this new rule, there is now a great opportunity to fund a charitable gift annuity (CGA) with a QCD.

The IRS delays roth catch up: The IRS delayed the effective date of the SECURE 2.0 rule requiring catch-up contributions by higher-paid older employees to be made on a Roth basis.

The IRS gives employer plans two more years to comply with the controversial SECURE 2.0 rule requiring “catch-up contributions” for high-paid employees to be made on a Roth basis. The effective date of the rule has been postponed from January 1, 2024 to January 1, 2026.

The lunacy of IRA beneficiary payout rules continues to boggle the mind. As I guide advisors through the options available to their clients, various nuances present one unique scenario after another. Did the original IRA owner pass away before or after the establishment of the SECURE Act? How old was the person when they died? Who was the beneficiary? Is this a successor beneficiary situation? Ultimately, by following the individual fact patterns, definitive answers materialize.

Decipher IRS rules on Required Minimum Distributions (RMDs) under the SECURE Act. Optimize your 10-year payout strategy for financial security. Read more.

While celebrating, same-sex couples may want to take this opportunity to consider plans for their retirement accounts. Since the SECURE Act and SECURE 2.0 have overhauled the rules, it may be time for a new strategy. Here are 5 retirement account planning tips.

Explore 457(b) plans: rollovers, creditor protection. Know differences in governmental and top hat plans for a secure retirement. Read more.

Unlock expert insights into special needs financial planning with Arcadia Berjonneau-Keane's video series. Learn key strategies for securing your child's future now.

You have likely heard of Health Savings Accounts (HSAs), and you may even understand the basics of how an HSA works. Beyond these basics, there are many advantages that an HSA can offer that many people are not aware of.

A QDRO is a state court order obtained by divorcing couples that requires a company plan to pay a portion of the benefit of the spouse participating in the plan to the other spouse.

There are numerous articles referring to “eligible designated beneficiaries” (EDBs), “non-eligible designated beneficiaries” (NEDBs), and “non-designated beneficiaries” (NDBs). As a basic refresher, the three SECURE Act IRA beneficiary categories (and their applicable payout rules), are as follows.

Beginning in 2024, SECURE 2.0 requires that certain high-paid 401(k) participants who want to make catch-ups must make them on a Roth basis. This means that the contributions will be made on after-tax pay, but the contributions and associated earnings can be distributed tax free if certain conditions are met.

Employees with very high compensation cannot have their retirement plan benefits based on all of their pay. Instead, the tax code allows only compensation up to a certain dollar amount to be taken into account.

For women's appreciation month, we're highlighting strategies for women that will guide them to financial health and security.

SECURE 2.0 has changed the way that employer contributed accounts are maintained. Read more to see how.

As we get deeper into the new year, make sure that you have your financial plans in order.

Roth IRA distributions have changed by SECURE 2.0. Read what those changes are.

SECURE 2.0 is extremely beneficial as it gives more leniency towards missed payments and allows you to wait longer until you have to take out much needed funds.

SECURE 2.0 has modified some rules for special needs trusts. Read to see what those are!

SECURE 2.0 has changed the way RMDs work in retirement planning. Read to see these changes.

Under SECURE 2.0, RMDs have changed in certain ways that are critical for you to understand.

RMDs and how they function have been altered as SECURE 2.0 has taken affect. Read to see how in this article.

SECURE 2.0 has changed many things, including Roth accounts with new savings opportunities to employ today.

Learn how to build a socially conscious investment portfolio and invest in your beliefs.

SECURE 2.0 brings changes to RMDs in regards to Roth IRAs. Read how in this article.

A donor-advised fund can help you maximize your charitable deductions for the year. But did you know it also comes with additional tax benefits? Read on to learn more.

There's no shortage of life insurance policies to consider. If you and your spouse are considering survivorship insurance, first learn who exactly this joint policy is most suited for.

Confused about SECURE Act 2.0? Take a look at our rundown of the new legislation and how it changes your retirement.

Contained in this article is a list of 5 major changes to retirement accounts courtesy of SECURE 2.0.

Delaying RMDs can be a beneficial step in successful retirement planning. See how things have changed under SECURE 2.0.

This article contains changes made to retirement accounts from SECURE 2.0, more specifically in the 401(k) category.

This article contains a couple questions regarding RMDs and their new functions according to SECURE 2.0.

When it comes to rollovers from 529 plans to Roth IRAs, there are new regulations when it comes to SECURE 2.0.

Under SECURE 2.0, there are a couple of new ways to avoid the 10% withdrawal penalty. Read how these work.

ERISA-covered plans have certain rights for spouses to access some of the participant's account benefits.

Like a traditional IRA or 401(k), a 414(h) plan lets you save money for your retirement while also providing you with some tax benefits.

SECURE 2.0 has been passed, and therefore things have been changed and added accordingly. Read to find out more.

Roth IRAs are already popular, and with new SECURE Act regulations, they have even more advantages. Read what those are!

Government bills are being formulated that deal with the SECURE Act 2.0 and other financial features.

IRA deadlines are coming to an end as the year closes out. Make sure you are on top of all these to secure yourself for a successful 2023.

This article will explain what an NUA strategy is, its potential benefits, and how it works for investors.

Solo 401(k)s allow you to gain benefits as both an employee and employer, but there are some drawbacks.

SECURE 2.0 is designed to increase savings in IRAs and company plans for retirement planners and savers.

Each pension plan has their pros and cons, which one is right for your situation? Find out here.

Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your charitable contributions can create tax benefits for both you and your chosen charity.

Everyone wants to be comfortable and financially stable as they age. Here are few tips to help you secure retirement in your 50s and 60s.

The new IRS regulations that came with the SECURE Act have been fraught with curveballs. Read this article to understand all the details.

Many regulations in the SECURE Act are confusing, leading to many questions asking how to understand them. This article will explain!

With all the incredible benefits that come with Roth IRAs, it's no wonder more and more people are converting to it.

Vesting rules are used to give a benefit amount according to how long you've been with a company. Find out how to calculate yours!

A lump sum buyout offer is a limited opportunity for defined benefit plan participants, but don't let the scarcity of it let you feel compelled to act on it without first understanding it.

Did you know that you can claim a spousal benefit for social security? We detail a few important situations where you can claim spousal benefits for social security, even if you're widowed or divorced.

Medicare is a great benefit for retirees. Learn how to make the most out of your Medicare deduction with these tips.

Before you can begin to claim any Social Security benefits be sure you're checking these 6 things off your list to start your retirement off on the right foot.

You've imagined your dream retirement, but how can you know if you’ll be able to afford it? Estimating your Social Security benefits is an important component to any retirement plan.

Choosing an insurance policy that works best for you and your family is so important. When you shop around and find the correct one, it can not only benefit your health but save you money.

Just because you've retired doesn't mean you have to stop working. However, working income may affect your social security earnings.

Should you consider taking Social Security early to cover a sudden financial hardship? Make these crucial considerations first.

You may be waiting as long as possible to take your Social Security benefits, but is that actually your best option? Here's what research you should be doing to find out.

You don't have to have millions in the bank to benefit from establishing a trust. Learn the truth about trusts the surprising advantages you could be missing out on.

This article details the top three provisions in the Inflation Reduction Act that the average American will benefit from the most.

Deciding to wait or claim Social Security benefits is a personal decision. Here are some important factors anyone nearing or in retirement should consider now.

One of the most complex and important financial decisions you can make is when to claim Social Security. Here are some key points and considerations to think about when you should claim Social Security.

There are a number of details involved when it comes to maximizing your Social Security benefits. If you're married, it's important to consider your options for both you and your partner.

The CARES Act provided economic benefits in direct response to COVID-19. Read on to learn five ways you can access these benefits for the 2020 tax year.

The Social Security Administration announced a 2021 Cost of Living Increase of 1.3% on Oct. 13, 2020. Whether you’re currently working or enjoying retirement, here’s how you may be affected.