Many people are surprised and shocked when they learn what happens when retirement account owners neglect simple details ...

The standard beneficiary form that the insurance company, investment firm, or bank uses might not be good enough for you. Individual Retirement Accounts Your individual retirement account (IRA ...

With the total debt of the U.S. federal government standing at $35.46 trillion in 2024, Washington is interested in having fewer IRA beneficiaries stretch their inherited assets. In July ...

Though it may not feel like the best time to contemplate one’s demise, the season is all about taking care of family, friends ...

If you are 73-years-old or older and haven’t taken a Required Minimum Distribution from your tax-deferred retirement account, ...

The get-out-of-jail card that has allowed many IRA and plan beneficiaries to forego annual required minimum distributions (RMDs) is about to expire. In its 2022 proposed regulations, the IRS took ...

The IRA balance will be treated as distributed to the beneficiary in the year of the contribution and will be taxed as ordinary income. Don’t convert an inherited traditional IRA to a Roth IRA.