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Do I Need to Take RMDs If I'm Still Working?
SmartAsset via Yahoo Finance· 14 hours agoIf you contribute to a tax-advantaged retirement account at work or a traditional IRA, Required Minimum Distributions (RMDs) are something you'll need to...
My sister inherited $350,000 from her father’s estate, but her husband was diagnosed with dementia....
MarketWatch via Yahoo Finance· 5 days agoIn Colorado, a prospective Medicaid recipient’s 401(k) and IRA are countable for eligibility,...
Do I Have to Pay Tax on My Inheritance?
SmartAsset via Yahoo Finance· 3 days agoThere comes a time in all of our lives when we have to say goodbye to a family member or friend. If you were close with the person who passed away, you...
I’m 51, make $80,000 a year and just inherited $170,000. I want to beef up my retirement savings —...
Market Watch· 20 hours agoRelated: ‘My peers have 10 to 20 times more set aside for retirement’: I’m 67 and have $100,000...
Individual retirement accounts
InvestmentNews· 1 day agoUnfortunately, that can also be true for paying taxes on retirement distributions. This goes for those with 401(k)s (and other company plans) and IRAs,...
How to calculate taxes on an inherited annuity
Bankrate via AOL· 5 days agoIn addition to owing income taxes, you may be hit with the net investment income tax of 3.8 percent on distributions of earnings, if you exceed the...
Pump Up Your 401(k). New Roth Rules Make It Easy.
Barrons.com· 6 days agoRoth conversions aren’t subject to these limits. Another reason to consider...whereas before you had to start depleting it in your early 70s. Prior to...
How To Open An Individual Retirement Account In 4 Easy Steps
Forbes· 1 day agoRetirement planning is one of the most important financial steps to ensure a secure and comfortable...
SECURE 2.0 Act Impact: Some Changes in 2024 | The Legal Intelligencer
Law.com· 7 days agoThe SECURE 2.0 Act, which was signed into law on Dec. 29, 2022, was designed to expand and simplify...
Wealth Management Update June 2024
The National Law Review· 15 hours agoThe June Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.60%, an increase from the May rate of 5.40%....
