Editor’s Note: The SECURE Act, enacted December 20, 2019, changed the required beginning date for required minimum distributions (RMDs) from age 70½ to age 72 (the change applies with respect to ...

Editor’s Note: The SECURE Act significantly changed the rules applicable to designated beneficiaries and eligible designated beneficiaries for tax years beginning in 2020 and thereafter. The SECURE ...

A few years ago during a prior Congress and prior presidential administration, a federal law known as the Setting Every Community Up for Retirement Enhancement or SECURE Act, became effective on Jan.

If an IRA is inherited through an estate, the distribution rules for the estate apply, even if the IRA is later transferred to a person. Distribution rules depend on whether the IRA owner died before ...

The Secure Act has eliminated the stretch IRA for most people who are inheriting an IRA or 401(k). Now, beneficiaries who inherit an IRA will need to follow the 10-year rule, which can significantly ...

When I meet with clients to discuss estate planning, I always explain that the documentation that we help put together for them does not override any previously designated beneficiaries on things like ...

On July 19, 2024, the Internal Revenue Service released its long-awaited final regulations on required minimum distributions for individual retirement accounts and employer plans. Two of the key rules ...

Ivanna Hampton: Welcome to Investing Insights. I’m your host, Ivanna Hampton. Thoughts about buying a new car or going on a luxurious trip may cross your mind when you receive an inheritance. Yet, not ...

On July 18, 2024, the Internal Revenue Service (IRS) issued final regulations updating the required minimum distribution (RMD) rules. The final regulations reflect changes made by the Setting Every ...

Transfer on Death (“TOD”), also known as Payable on Death (“POD”), account registrations are a popular way to avoid the requirement to pass assets through probate upon death and operate as an ...