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5 Common Errors to Fix in Your IRA Before the IRS Flags Them
Morningstar· 6 days agoYou might receive a Form 5498 for 2023 if you had reportable deposits for your IRA, such as regular IRA and rollover contributions, and ...
What is a qualified charitable distribution? Get a tax benefit for small donations
Bankrate via Yahoo Finance· 15 hours agoBut if you must take RMDs from your IRA, then you can use a qualified charitable distribution and...
Increased Flexibility for 529 College Savings Accounts | JD Supra
JD Supra· 1 day agoBeginning in 2024, due to new rules within the SECURE Act 2.0, federal law now allows for up to $35,000 in a 529 account to be rolled over to a Roth individual retirement account (“ ...
Unlocking the Potential of your 401(k)
Lancaster Online· 5 days agoRoll over to a new 401(k): If your new employer offers a 401(k), transferring your existing plan allows you to retain benefits like employer matching and...
We Will Make Over $300k Combined This Year. Can We Use a Backdoor Roth to Avoid Retirement Taxes?
SmartAsset via Yahoo Finance· 21 hours agoHigh-income households can use what's called a "backdoor Roth" to utilize a Roth IRA despite the...
We're 60 With $2.5 Million Across Our 401(k)s. Should We Pivot to Roth Contributions?
SmartAsset via Yahoo Finance· 6 days agoFor the right person, a Roth IRA can be a fantastic retirement savings vehicle over the long term....
Money Talk: Logistics of the new 529 to Roth rollover
Portsmouth Herald via Yahoo Finance· 5 days agoSection 529 college savings plans are a wonderful way to use the power of tax deferral and compound...
Maximize your IRA contributions and secure up to a 3% match, even if you’re self-employed
USA Today· 5 days agoThere’s no better time to be aggressive about focusing on your retirement funds than when retirement...
I have $190K in stock, $374K in IRAs and $90K in company stock, plus I’ll get a pension in 2027. I...
Market Watch· 7 days agoQuestion: I have $190,000 in stock that a large investment company manages as well as two rollover...
Labor Department defends fiduciary rule against lawsuit
Pensions & Investments· 5 days agoThe department finalized its fiduciary rule, formally known as the Retirement Security Rule, on April 23 to expand the definition of an investment advice fiduciary under ERISA, revising the ...
