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3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA
Forbes· 5 days agoThe 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 ...
JD Supra: Automatic Enrollment: This Is The Way
JD Supra· 22 hours agoThanks to SECURE Act 2.0, newly established 401(k) and 403(b) plans must now have an automatic enrollment. The SECURE Act< ...
Voluntary Reporting for a Mandatory Database: DOL’s New Approach for the SECURE Act 2.0 Retirement...
JD Supra· 3 days agoAlthough currently in proposed form, practitioners should begin to familiarize themselves with the Notice’s requested information, reporting system, and proposed timeline. SECURE< ...
Don't Let RMD Relief Blind IRA Beneficiaries to the Big Picture | ThinkAdvisor
ThinkAdvisor· 4 days agoThe current distribution process governing non-eligible designated beneficiaries who inherit...
IRS Notice 2024-35: (Another) Temporary Waiver for Certain RMDs
The National Law Review· 6 days agoOn April 16, 2024, IRS released Notice 2024-35 extending temporary relief for certain required...
IRS Waives 2024 RMDs For Inherited IRA Beneficiaries
Forbes· 1 day agoThis is the fourth year in a row that the IRS has kicked the can down the road for people needing to start RMDs on Inherited IRAs under the new rules. At...
Here's what to know before withdrawing funds from inherited individual retirement accounts
CNBC· 7 days agoIf you've inherited an individual retirement account since 2020, you could have a shorter timeline...
Changes in inherited IRAs stay the same again | Chattanooga Times Free Press
Chattanooga Times Free Press· 2 days agoTaxpayers who inherit an individual retirement account from someone other than their spouse have received a reprieve this year. The sweeping act embodies the most significant enhancements to ...
The IRS Extends Waiver of Excise Tax for 10-Year Beneficiaries, but Not RMDs
Morningstar· 6 days agoOn April 16, the IRS issued Notice 2024-35 in which it announced that the automatic waiver of the...
Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and...
SmartAsset via Yahoo Finance· 3 days agoI will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account....