Category: Retirement Planning

The Roth IRA Advantage Traditional IRAs are familiar to most taxpayers, providing a relatively simple method of saving for retirement AND deferring taxes in the

Article Highlights Social Security  Traditional IRA  Roth IRA  Spousal IRA  401(k) Plans  SIMPLE Plans  Simplified Employee Pension Plans (SEPs)  Overall Contribution Limits  The Social Security

Article Highlights: Tapping Retirement Funds  Taxability  Traditional IRAs  Roth IRAs  Qualified Plans  Withdrawal Option  Early Retirement  Separation from Service  Disability  Special Financial Needs  Unreimbursed Medical

Article Highlights: Traditional IRAs  Roth IRAs  Spousal IRA Contributions  Simplified Employee Pension Plans  Solo 401(k) Plans  Health Savings Accounts  Saver’s Credit  Children with Earned Income 

Article Highlights: Early Withdrawals  Excess Contributions  Multiple Rollovers  No Traditional IRA Contributions in the Year Reaching age 70½  Failing to Take a Required Minimum Distribution

Article Highlights: Required Minimum Distribution Requirements Computing Required Minimum Distribution Roth IRAs Still Working Exception Under-Distribution Penalty IRA to Charity Transfers Beneficiaries If you are

Article Highlights: Excess IRA Contributions Excess Contribution Penalty Correcting Excess IRA Contributions Applying the Excess to a Future Year Excess 401(k) Contributions Failing to Timely

Article Highlights: Appropriations Act of 2020 Age Limit Repeal Contribution Limits Compensation Higher Income Taxpayer Deduction Phase-Out Spousal IRA Contribution Timing On December 20, 2019,

Article Highlights Qualified Charitable Distributions (QCDs) Required Minimum Distribution Age Limit Repealed for Traditional IRA Contributions Coordination of QCDs and Deducted Traditional IRA Contributions Ever

Article Highlights: Taxability of Distributions Stretching Distributions SECURE Act Changes Ten-Year Rule Spouse Exception Other Exceptions Naming Beneficiaries On December 20, 2019, President Trump signed