What was once a long-term tax-deferral opportunity has become a compressed distribution timeline that can create substantial ...

On July 19, 2024, the Internal Revenue Service released its long-awaited final regulations on required minimum distributions for individual retirement accounts and employer plans. Two of the key rules ...

Beneficiaries of IRAs and other tax-deferred retirement accounts must take required minimum distributions. The class in which a beneficiary falls determines the RMD rules that apply to them. One of ...

The designated beneficiary need not be specified by name to be a designated beneficiary so long as that beneficiary is identifiable under the terms of the IRA as of the determination date. 2 For ...

The most common accounts left behind are retirement accounts like 401(k)s and IRAs because many working adults have them. They can be a financial blessing to those they're left behind, but it's ...

The Internal Revenue Service recently issued Notice 2023-54, in which they waived the excise tax on 2023 required minimum distribution failures committed by designated beneficiaries. This extends the ...

Editor’s Note: The SECURE Act significantly changed the rules applicable to designated beneficiaries and eligible designated beneficiaries for tax years beginning in 2020 and thereafter. The SECURE ...

Year-end means required minimum distribution season, since that’s typically when clients take RMDs. But year-end is also when lots of costly RMD mistakes happen — costly because of the 50% penalty on ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Get Morningstar's essential reading for financial professionals in Advisor Digest. In my July 2021 column, I provided a detailed “Executor’s Roadmap” for determining the post-death required minimum ...

Quick ReadThe instinct to let an inherited 401(k) grow untouched is exactly what turns a manageable tax bill into a catastrophic one, and the bracket math explains why.Most heirs focus only on the ...