by Christine | Jan 18, 2013 | Charitable Giving, Estate Planning, Fiscal Cliff, Individual Retirement Accounts (IRA) |
When it comes to taxes, never say die. As part of the "fiscal cliff" deal, Congress has resurrected a popular tax-law provision, known as the "IRA charitable rollover," that had expired at the end of 2011. New Year’s resolutions are chock-full of...
by Christine | Aug 14, 2012 | Individual Retirement Accounts (IRA), Inherited IRAs, IRA Rollover |
The rollover into a non-spousal beneficiary's receiving IRA (an IRA set up specifically to receive an inherited retirement plan distribution) must be accomplished via a direct (trustee-to-trustee) transfer that does not pass through the hands of the beneficiary...
by Christine | May 2, 2012 | Charitable Giving, Elder Law, Estate Planning, Individual Retirement Accounts (IRA), Required Minimum Distribution (RMD) |
Congress hasn't reauthorized the law allowing people to give required minimum distributions from IRAs tax-free to charity but may by the end of the year. Are you taking Required Minimum Distributions (RMD) from your IRA? Perhaps you would rather contribute your...
by Christine | Feb 23, 2012 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden, but Congress is starting to talk about curtailing breaks on the accounts. For all the bills, budget proposals, and...
by Christine | Feb 23, 2012 | Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Inherited IRAs |
Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden, but Congress is starting to talk about curtailing breaks on the accounts. For all the bills, budget proposals, and...
by Christine | Dec 29, 2011 | Estate Planning, Individual Retirement Accounts (IRA), Tax Planning |
If you needed a reminder of just how byzantine the rules are that govern inherited IRAs—and the importance of preparing your family for receiving such an account—the IRS just handed you one. Parents who have substantial assets in an IRA should plan ahead for how their...
