Search our articles archive

Transferring traditional IRA assets to a Roth is often dubbed the “Backdoor Roth” method of building retirement savings.

Here’s why you need to read beyond the headlines and understand why this may be the most overhyped provision of SECURE 2.0.

Congress in 2019 passed the biggest set of retirement savings policy reforms in a decade. It was called the Secure Act, shorthand for the official title of “Setting Every Community Up for Retirement Enhancement Act.” At the end of 2022, lawmakers expanded the original act with introduction of dozens of new provisions.

The provisions of the SECURE and CARES Acts, and the related IRS rules, are creating even more confusion about which beneficiaries are subject to RMDs this year.

What planners need to know.

A qualified charitable distribution is a direct transfer of traditional IRA funds to a qualified charity.

New IRS rules complicate the calculation of required minimum distributions for those who have inherited individual retirement accounts.

“Retirement Asset Planning” Presentation by Michael Simon for the Fall 2023 workshop series

“Retirement Asset Planning” Presentation by Timothy Pickart for the Spring 2023 workshop series

When required minimum distributions begin, QCDs can reduce or eliminate the income tax on the RMD income — if the timing is right.