CRDS AND ROTH CONVERSIONS – ABUSE OF THE RULES?

The coronavirus-related distribution (CRD) rules for Roth conversions have a gaping hole. An “affected person” (as we have defined in previous blogs), is entitled under the CARES Act to withdraw ... ...

Rolling Over an RMD

Like most people’s lives, the retirement world is upside down. This is made evident by a single statement: “Required minimum distributions (RMDs) can be rolled over.” Yes, that is the ... ...

Tapping Into Retirement Accounts If Not Directly Impacted By COVID-19

The recently-­‐enacted Coronavirus Aid, Relief, and  Economic Security Act (CARES  Act) signed by President Trump  on  March  27, 2020, allows  “qualified individuals” to take up  to  $100,000 of  penalty-­‐free IRA ... ...

Disclaiming an Inherited IRA

Disclaiming an Inherited IRA   A disclaimer is a legal document and formal refusal of an inheritance by a beneficiary.  Disclaimer rules apply to all IRA beneficiaries.  Beneficiaries are not ... ...

Avoid Charitable Contribution Mistakes!

Avoid Charitable Contribution Mistakes!   There are basic donation rules that must be followed when contributing to your favorite charity, but it’s easy for anyone to make a mistake.  Here ... ...

Tax Advantages of an IRA

Tax Advantages of an IRA   IRAs and Roth IRAs are both accumulation and distribution vehicles. Traditional IRAs continue to grow tax-deferred and Roth IRAs grow tax-free.   If IRAs ... ...

Year-End Planning Checklist

YEAR-END PLANNING CHECKLIST   Holidays can be stressful, but take advantage of any travel delays or down time with a cup of cocoa and go over your year-end financial and ... ...

Time for a Policy Make-Over?

TIME FOR A POLICY MAKE-OVER?   As your financial planning and insurance needs change, it may be time for a policy make-over.  Why consider a policy make-over?  Depending on when ... ...

Are Your Beneficiary Forms Up To Date?

HAPPY THANKSGIVING!… ARE YOUR BENEFICIARY FORMS UP TO DATE?   While you are giving thanks for all your blessings, it is a perfect opportunity to also take a moment to ... ...

Top 10 IRA Mistakes To Avoid

Top 10 IRA Mistakes to Avoid Taking the wrong RMD amount. Taking distributions too early. Failure to properly identify designated beneficiaries. Not knowing the special rules for spousal IRA beneficiaries. ... ...