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The SECURE Act

The SECURE Act

Long-established retirement account rules change. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, come some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a...
2019 IRA Deadlines Are Approaching

2019 IRA Deadlines Are Approaching

Here is what you need to know. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement...
Can You Put Your IRA into a Trust?

Can You Put Your IRA into a Trust?

What you should know about naming an IRA beneficiary. Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, however, is name a trust as the beneficiary of your IRA. The...
That First RMD from Your IRA

That First RMD from Your IRA

What you need to know When you reach age 70½, the Internal Revenue Service instructs you to start making withdrawals from your traditional IRA(s).These withdrawals are also called Required Minimum Distributions (RMDs). You will make them, annually, from now on.1 If...
Consider an IRA Charitable Rollover for a Tax Break

Consider an IRA Charitable Rollover for a Tax Break

If you want a tax break and want to help a nonprofit, this may be a good move. Have you ever wanted to make a major charitable gift? Would you like a significant federal tax break in acknowledgment of that gift? If so, an IRA charitable rollover might be a good...