Inherited IRA Rules Blow Up With New SECURE Act!
KEY TAKEAWAYS The SECURE Act just blew up the rules around stretch IRAs, otherwise known as inherited IRAs. Absolutely insane! The SECURE Act is a massive piece of legislation that has provisions in it that cover everything from paying off your student loans using 529...
New RMD Age Of 72 Could Offer Big Tax Savings!
KEY TAKEAWAYS If you are turning 70½ this year and you aren’t too excited about taking your first RMD (required minimum distribution) from your retirement account, guess what? You are in luck! The SECURE Act, which was just signed into law in December of 2019,...
4 Top RMD (Required Minimum Distribution) Questions
KEY TAKEAWAYS It’s the most wonderful time of the year. Do you know what that means? Not Christmas…It’s our RMD (Required Minimum Distribution) season! If you are 70½ or older and you have IRA accounts, you must take money out of your account before the...
Why Your RMD Timing Matters
Clients ask me all the time: “Ashley, when’s the best time to take my RMD, at the beginning of the year or the end of the year?” That’s a really good question! Today we’re going to look at 3 different options for taking your RMDs. You can take your RMD:...
This Brilliant RMD Strategy Could Save You Thousands On Taxes – A Case Study
There are many benefits to making charitable contributions directly from your IRA. If you are subject to RMDs, you’re donating to charity, and you haven’t considered charitable contributions directly from your IRA – you could be paying more in taxes than you...
