I’m 75 and taking my RMDs, as is my spouse. But if I die, and he inherits my IRA, how do we minimize the tax impact?
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IRA Rules at a Glance: Contribution Limits, Income Limits and Rollover Options
Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.
I'm 60, single, and I’m scared I'm going to blow the money in my IRA and ruin my retirement. What should I do to make sure that doesn't happen?
One of the biggest mistakes to avoid is withdrawing money early. If you take money out of your IRA before the age of 59 ½ — ...
Charitable Remainder Unitrusts Offer Potentially Valuable Income Tax Deferral Strategies for Some Designated Beneficiaries
While CRTs might introduce complexity into the estate and tax planning, under certain circumstances and with thoughtful ...
How to Open a Traditional IRA in 5 Easy Steps
Opening a traditional IRA is a fairly straightforward process involving only a few steps. Here's what you need to know to ...
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Traditional IRAs: Your Complete Guide to Retirement Savings
The amount of these minimum withdrawals is calculated based on the account balance at the end of the previous year and your life expectancy. Having a Traditional IRA and a 401(k) If you have an ...
IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA
IRA conversion: traditional accounts to Roth . If you have a traditional IRA, converting it could be a simple matter of ...
Ed Slott: How Roth IRAs Can Help With Estate Planning
A Roth IRA can be accessed anytime for any reason and is tax- and penalty-free. With the Secure Act, a Roth IRA can continue ...